PIMCO Corporate & Income Opportunity Fund (NYSE:PTY - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $15.00 and last traded at $14.97, with a volume of 72147 shares. The stock had previously closed at $14.95.
PIMCO Corporate & Income Opportunity Fund Price Performance
The firm's fifty day simple moving average is $14.32 and its 200-day simple moving average is $13.65.
PIMCO Corporate & Income Opportunity Fund Cuts Dividend
The company also recently announced a monthly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Thursday, April 11th will be issued a $0.1188 dividend. The ex-dividend date of this dividend is Wednesday, April 10th. This represents a $1.43 annualized dividend and a yield of 9.54%.
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in PTY. Invesco Ltd. purchased a new position in shares of PIMCO Corporate & Income Opportunity Fund during the first quarter valued at approximately $11,458,000. Avior Wealth Management LLC purchased a new position in shares of PIMCO Corporate & Income Opportunity Fund during the fourth quarter valued at approximately $3,502,000. Captrust Financial Advisors raised its holdings in shares of PIMCO Corporate & Income Opportunity Fund by 807.5% during the fourth quarter. Captrust Financial Advisors now owns 191,197 shares of the investment management company's stock valued at $2,296,000 after purchasing an additional 170,129 shares during the last quarter. Financial Advocates Investment Management purchased a new position in shares of PIMCO Corporate & Income Opportunity Fund during the fourth quarter valued at approximately $1,789,000. Finally, XML Financial LLC raised its holdings in shares of PIMCO Corporate & Income Opportunity Fund by 14.7% during the fourth quarter. XML Financial LLC now owns 1,103,619 shares of the investment management company's stock valued at $14,612,000 after purchasing an additional 141,434 shares during the last quarter. 10.25% of the stock is owned by hedge funds and other institutional investors.
About PIMCO Corporate & Income Opportunity Fund
(
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PIMCO Corporate & Income Opportunity Fund is a closed-ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. It is co-managed by Pacific Investment Management Company LLC. The fund invests in fixed income markets across the globe. It invests in corporate debt obligations rated in the lowest investment grade category Baa or BBB and in the highest non-investment grade category Ba or BB.
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