Shares of PIMCO Corporate & Income Opportunity Fund (NYSE:PTY - Get Free Report) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $14.18 and traded as low as $13.61. PIMCO Corporate & Income Opportunity Fund shares last traded at $13.63, with a volume of 407,613 shares traded.
PIMCO Corporate & Income Opportunity Fund Price Performance
The firm's 50-day simple moving average is $13.58 and its 200 day simple moving average is $14.18.
PIMCO Corporate & Income Opportunity Fund Dividend Announcement
The business also recently disclosed a monthly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Thursday, June 12th will be given a $0.1188 dividend. This represents a $1.43 annualized dividend and a yield of 10.46%. The ex-dividend date of this dividend is Thursday, June 12th.
Hedge Funds Weigh In On PIMCO Corporate & Income Opportunity Fund
Large investors have recently modified their holdings of the business. Continuum Advisory LLC grew its stake in PIMCO Corporate & Income Opportunity Fund by 30.3% during 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 in the last quarter. Modern Wealth Management LLC lifted its holdings in shares of PIMCO Corporate & Income Opportunity Fund by 5.9% in the 4th quarter. Modern Wealth Management LLC now owns 13,034 shares of the investment management company's stock worth $193,000 after acquiring an additional 727 shares during the last quarter. Institute for Wealth Management LLC. lifted its holdings in shares of PIMCO Corporate & Income Opportunity Fund by 6.7% in the 1st quarter. Institute for Wealth Management LLC. now owns 13,730 shares of the investment management company's stock worth $199,000 after acquiring an additional 860 shares during the last quarter. Objective Capital Management LLC raised its holdings in PIMCO Corporate & Income Opportunity Fund by 2.1% during the 1st 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 last quarter. Finally, C2C Wealth Management LLC raised its holdings in PIMCO Corporate & Income Opportunity Fund by 1.4% during the 4th 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 last quarter. Hedge funds and other institutional investors own 10.25% of the company's stock.
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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