Flaherty & Crumrine Preferred and Income Opportunity FundPFO
Market Cap: $124M
About: Flaherty & Crumrine Prfd Income Oppo is the United States-based diversified, closed-end investment company. Its primary investment objective is to produce high current income consistent with the preservation of capital. The fund invests in a diversified portfolio of preferred securities which includes traditional preferred stocks eligible for the inter-corporate dividends received a deduction and fully taxable preferred securities.
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
167% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 3
12% more funds holding
Funds holding: 42 [Q1] → 47 (+5) [Q2]
7% more capital invested
Capital invested by funds: $16.2M [Q1] → $17.4M (+$1.15M) [Q2]
8% more repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 12
0.99% more ownership
Funds ownership: 14.69% [Q1] → 15.68% (+0.99%) [Q2]
Research analyst outlook
We haven’t received any recent analyst ratings for PFO.