PIMCO Corporate & Income Opportunity Fund (NYSE:PTY - Get Free Report)'s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $14.31 and traded as low as $13.75. PIMCO Corporate & Income Opportunity Fund shares last traded at $13.84, with a volume of 777,719 shares changing hands.
PIMCO Corporate & Income Opportunity Fund Stock Down 0.5%
The company's 50 day moving average is $13.74 and its 200-day moving average is $14.29.
PIMCO Corporate & Income Opportunity Fund Announces Dividend
The business also recently disclosed a monthly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Monday, May 12th will be given a dividend of $0.1188 per share. The ex-dividend date of this dividend is Monday, May 12th. This represents a $1.43 annualized dividend and a yield of 10.33%.
Institutional Investors Weigh In On PIMCO Corporate & Income Opportunity Fund
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Continuum Advisory LLC increased its stake in PIMCO Corporate & Income Opportunity Fund by 30.3% in the fourth quarter. Continuum Advisory LLC now owns 3,072 shares of the investment management company's stock valued at $44,000 after acquiring an additional 714 shares during the last quarter. Modern Wealth Management LLC lifted its holdings in PIMCO Corporate & Income Opportunity Fund by 5.9% in the fourth quarter. Modern Wealth Management LLC now owns 13,034 shares of the investment management company's stock valued at $193,000 after buying an additional 727 shares during the period. Institute for Wealth Management LLC. lifted its holdings in PIMCO Corporate & Income Opportunity Fund by 6.7% in the first quarter. Institute for Wealth Management LLC. now owns 13,730 shares of the investment management company's stock valued at $199,000 after buying an additional 860 shares during the period. Objective Capital Management LLC lifted its holdings in PIMCO Corporate & Income Opportunity Fund by 2.1% in the first quarter. Objective Capital Management LLC now owns 44,014 shares of the investment management company's stock valued at $636,000 after buying an additional 914 shares during the period. Finally, C2C Wealth Management LLC lifted its holdings in PIMCO Corporate & Income Opportunity Fund by 1.4% in the fourth quarter. C2C Wealth Management LLC now owns 70,100 shares of the investment management company's stock valued at $1,007,000 after buying an additional 1,000 shares during the period. 10.25% of the stock is currently owned by institutional investors and hedge funds.
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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