PIMCO Corporate & Income Opportunity Fund (NYSE:PTY - Get Free Report) declared a monthly dividend on Wednesday, June 4th, Wall Street Journal reports. Shareholders of record on Thursday, June 12th will be given a dividend of 0.1188 per share by the investment management company on Tuesday, July 1st. This represents a $1.43 annualized dividend and a yield of 10.34%. The ex-dividend date is Thursday, June 12th.
PIMCO Corporate & Income Opportunity Fund Trading Down 0.3%
Shares of PIMCO Corporate & Income Opportunity Fund stock traded down $0.04 on Friday, hitting $13.79. 602,767 shares of the company traded hands, compared to its average volume of 669,845. PIMCO Corporate & Income Opportunity Fund has a 52 week low of $11.70 and a 52 week high of $14.87. The business has a 50-day simple moving average of $13.56 and a 200 day simple moving average of $14.21.
Institutional Trading of PIMCO Corporate & Income Opportunity Fund
Institutional investors and hedge funds have recently bought and sold shares of the stock. Royal Bank of Canada boosted its holdings in shares of PIMCO Corporate & Income Opportunity Fund by 0.8% during the 1st quarter. Royal Bank of Canada now owns 272,394 shares of the investment management company's stock valued at $3,939,000 after purchasing an additional 2,256 shares during the last quarter. NewEdge Advisors LLC lifted its position in shares of PIMCO Corporate & Income Opportunity Fund by 2.5% in the first quarter. NewEdge Advisors LLC now owns 88,471 shares of the investment management company's stock worth $1,279,000 after buying an additional 2,164 shares in the last quarter. Jane Street Group LLC bought a new position in PIMCO Corporate & Income Opportunity Fund during the first quarter valued at approximately $472,000. Finally, Integrated Wealth Concepts LLC purchased a new position in PIMCO Corporate & Income Opportunity Fund during the 1st quarter valued at approximately $209,000. 10.25% of the stock is currently owned by institutional investors.
PIMCO Corporate & Income Opportunity Fund Company Profile
(
Get Free Report)
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.
See Also

Before you consider Pimco Corporate & Income Opportunity Fund, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Pimco Corporate & Income Opportunity Fund wasn't on the list.
While Pimco Corporate & Income Opportunity Fund currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are likely to thrive in today's challenging market? Enter your email address and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.