PIMCO Corporate & Income Opportunity Fund (NYSE:PTY - Get Free Report) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred 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.
PIMCO Corporate & Income Opportunity Fund Price Performance
The firm has a fifty day moving average of $13.80 and a 200-day moving average of $14.31.
PIMCO Corporate & Income Opportunity Fund Dividend Announcement
The company also recently declared a monthly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Monday, May 12th will be given a dividend of $0.1188 per share. This represents a $1.43 annualized dividend and a dividend yield of 10.30%. The ex-dividend date of this dividend is Monday, May 12th.
Hedge Funds Weigh In On PIMCO Corporate & Income Opportunity Fund
Hedge funds have recently modified their holdings of the stock. Accelerate Investment Advisors LLC grew its holdings in shares of PIMCO Corporate & Income Opportunity Fund by 5.8% during the fourth quarter. Accelerate Investment Advisors LLC now owns 14,516 shares of the investment management company's stock valued at $209,000 after buying an additional 799 shares in the last quarter. Miracle Mile Advisors LLC purchased a new position in PIMCO Corporate & Income Opportunity Fund in the fourth quarter valued at about $151,000. Taylor & Morgan Wealth Management LLC purchased a new position in PIMCO Corporate & Income Opportunity Fund in the fourth quarter valued at about $300,000. Diversify Wealth Management LLC purchased a new position in PIMCO Corporate & Income Opportunity Fund in the fourth quarter valued at about $397,000. Finally, Alpha Cubed Investments LLC purchased a new position in PIMCO Corporate & Income Opportunity Fund in the fourth quarter valued at about $152,000. 10.25% of the stock is currently owned by institutional investors and hedge funds.
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
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.
