Pimco Corporate & Income Opportunity Fund (NYSE:PTY) Shares Will Pay Monthly Dividend of $0.12

Key Points

• PTY declared a monthly dividend of $0.1188 per share, payable November 2 to shareholders of record October 13. The annualized dividend is approximately $1.43 per share, representing a 12.9% yield.
• Shares opened at $11.02 and were up 0.1%, trading below their 50-day moving average of $11.55 and 200-day moving average of $11.83.
• Institutional investors own 10.25% of PTY, with several firms increasing their holdings. The closed-end fund primarily invests in corporate debt and other income-producing securities, including high-yield bonds.

Pimco Corporate & Income Opportunity Fund (NYSE:PTY - Get Free Report) declared a monthly dividend on Thursday, October 1st. Stockholders of record on Tuesday, October 13th will be given a dividend of $0.1188 per share by the investment management company on Monday, November 2nd. This represents a $1.43 dividend on an annualized basis and a dividend yield of 12.9%. The ex-dividend date of this dividend is Tuesday, October 13th.

Pimco Corporate & Income Opportunity Fund Trading Up 0.1%

Shares of NYSE PTY opened at $11.02 on Friday. Pimco Corporate & Income Opportunity Fund has a fifty-two week low of $10.65 and a fifty-two week high of $14.69. The stock has a fifty day moving average of $11.55 and a 200-day moving average of $11.83.

Institutional Trading of Pimco Corporate & Income Opportunity Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of PTY. Noble Wealth Management PBC boosted its holdings in Pimco Corporate & Income Opportunity Fund by 9.1% in the 3rd quarter. Noble Wealth Management PBC now owns 363,339 shares of the investment management company's stock valued at $4,000,000 after purchasing an additional 30,290 shares during the period. AG Asset Advisory LLC raised its holdings in shares of Pimco Corporate & Income Opportunity Fund by 8.0% in the 2nd quarter. AG Asset Advisory LLC now owns 164,641 shares of the investment management company's stock valued at $1,981,000 after acquiring an additional 12,243 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new position in shares of Pimco Corporate & Income Opportunity Fund during the second quarter worth about $160,000. Corient Private Wealth LP purchased a new stake in Pimco Corporate & Income Opportunity Fund in the second quarter valued at approximately $170,000. Finally, HighTower Advisors LLC lifted its position in Pimco Corporate & Income Opportunity Fund by 84.5% during the second quarter. HighTower Advisors LLC now owns 127,516 shares of the investment management company's stock valued at $1,534,000 after purchasing an additional 58,412 shares during the last quarter. Institutional investors own 10.25% of the company's stock.

Pimco Corporate & Income Opportunity Fund Company Profile

PIMCO Corporate & Income Opportunity Fund NYSE: PTY is a closed-end management investment company advised by Pacific Investment Management Company LLC (PIMCO), a global investment manager. The fund seeks to provide a high level of current income, with capital appreciation as a secondary objective.

The fund invests primarily in corporate debt obligations and other income-producing securities. Its portfolio may include investment-grade and below-investment-grade securities, commonly known as high-yield or “junk” bonds, as well as other fixed-income instruments.

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