FMP
Flaherty & Crumrine Preferred Income Opportunity Fund Inc.
PFO
NYSE
Flaherty & Crumrine Preferred Income Opportunity Fund Inc. is a closed ended equity mutual fund launched and managed by Flaherty & Crumrine Incorporated. The fund invests in the public equity markets of the United States. It invests in stocks of companies operating in the financial services sector. The fund primarily invests in preferred securities. It benchmarks the performance of its portfolio against S&P 500 Index and Barclays Capital U.S. Aggregate Index. Flaherty & Crumrine Preferred Income Opportunity Fund Inc. was formed on December 10, 1991 and is domiciled in the United States.
8.56 USD
0.05 (0.584%)
Latest PFO News
Seeking Alpha
Aug 4, 2024
CEF Weekly Review: Neuberger Berman Doesn't Want To Be Left Out
We review CEF market valuation and performance through the fourth week of July and highlight recent market action. The week was mixed for CEFs with a high level of volatility. Neuberger Berman hikes Muni CEF distribution by 43%.
Seeking Alpha
Jul 24, 2024
Opportunities In Income Securities That Have Lagged The Rally
Income assets and financial markets have surged, with only local EM debt in the red year-to-date, due to dollar strength. Our countercyclical approach has led to the culling of high-flyers like BDC Gladstone Capital and the CEF Nuveen Preferred and Income Term Fund. We highlight opportunities in securities that have lagged the market across the CEF and BDC sectors.
Seeking Alpha
Jun 21, 2024
Current Alpha Opportunities In The CEF Space
With market valuations back to expensive levels, we are looking at a number of alpha strategies in the CEF space. These include interval and term funds, relative value as well as leaning against investor flows. We highlight a number of attractive funds such as RSF, PFO, BGH and others.
Seeking Alpha
Apr 27, 2024
CEF Weekly Review: Tracking Fund-Of-CEFs Holdings
We review CEF market valuation and performance through the third week of April and highlight recent market action. Most sectors in the CEF market finished lower, except for MLPs and Utilities which registered NAV gains. We track the holdings of funds-of-CEFs like FCEF and CEFS in our CEF Tool.
Seeking Alpha
Apr 26, 2024
Dissecting The Current CEF Sell-Off And Opportunities
We take a look at the shape of the current CEF sell-off. The sell-off has followed a similar pattern to previous instances, with equity funds falling more than fixed-income funds, leveraged funds underperforming and discounts widening. Longer-duration assets may become more compelling as longer-term rates rise, and investors should consider adding them to their portfolios.
Seeking Alpha
Feb 18, 2024
CEF Weekly Review: CEF Fees Remain Full Of Pitfalls
We review CEF market valuation and performance through the second week of February and highlight recent market action. CEF price action was mixed, with higher-quality fixed-income sectors and interest-rate sensitive equity sectors seeing lower NAVs due to back-up in Treasury yields. CEF fees are full of pitfalls; however, getting a clear picture of fees can allow investors go generate alpha in CEF allocation.
Seeking Alpha
Feb 8, 2024
Key Decision Factors For CEF Allocation In Today's Market
Key Decision Factors For CEF Allocation In Today's Market
Seeking Alpha
Feb 3, 2024
CEF Weekly Review: Take Care With Total NAV Returns
We review CEF market valuation and performance through the fourth week of January and highlight recent market action. All sectors were up for the week, with MLPs and Preferreds leading the way. Investors should be wary in taking CEF total NAV returns at face value given various conventions and data issues.
Seeking Alpha
Jan 24, 2024
PFO: Why We Waited 2 Years To Add This Preferred CEF
PFO is a Flaherty preferred CEF with top sector allocations in financials and a mix of investment-grade and sub-investment-grade securities. Flaherty preferred CEFs have struggled in a rate-hiking environment due to their lack of interest rate hedges. However, their headwinds are less damaging now than they have been since 2022.
Seeking Alpha
Jan 20, 2024
CEF Weekly Review: Take Care With CEF Sector Designation
We review CEF market valuation and performance through the second week of January and highlight recent market action. Most CEF sectors were up on the week, with CMBS delivering the best return. Discounts are tightening across all but one sector. CEF sector designation is not a precise endeavor, creating potential pitfalls for investors.
