Shares of PIMCO Corporate & Income Opportunity Fund (NYSE:PTY - Get Free Report) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $14.25 and traded as low as $13.64. PIMCO Corporate & Income Opportunity Fund shares last traded at $13.68, with a volume of 634,615 shares trading hands.
PIMCO Corporate & Income Opportunity Fund Stock Performance
The stock has a 50-day moving average price of $13.61 and a two-hundred day moving average price of $14.22.
PIMCO Corporate & Income Opportunity Fund Announces Dividend
The firm also recently declared a monthly dividend, which will be paid on Monday, June 2nd. Investors of record on Monday, May 12th will be issued a $0.1188 dividend. The ex-dividend date of this dividend is Monday, May 12th. This represents a $1.43 dividend on an annualized basis and a yield of 10.35%.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in the business. Integrity Alliance LLC. purchased a new position in PIMCO Corporate & Income Opportunity Fund in the 1st quarter worth approximately $1,438,000. Jane Street Group LLC purchased a new position in PIMCO Corporate & Income Opportunity Fund in the 1st quarter worth approximately $472,000. Smith Asset Management Co. LLC purchased a new position in PIMCO Corporate & Income Opportunity Fund in the 1st quarter worth approximately $2,417,000. Cape Investment Advisory Inc. purchased a new position in PIMCO Corporate & Income Opportunity Fund in the 1st quarter worth approximately $78,000. Finally, Plotkin Financial Advisors LLC lifted its holdings in PIMCO Corporate & Income Opportunity Fund by 2.9% in the 1st quarter. Plotkin Financial Advisors LLC now owns 122,615 shares of the investment management company's stock worth $1,773,000 after purchasing an additional 3,424 shares in the last quarter. 10.25% of the stock is owned by hedge funds and other institutional investors.
PIMCO Corporate & Income Opportunity Fund Company Profile
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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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