Shares of PIMCO Corporate & Income Opportunity Fund (NYSE:PTY - Get Free Report) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $14.28 and traded as low as $13.75. PIMCO Corporate & Income Opportunity Fund shares last traded at $13.78, with a volume of 774,666 shares trading hands.
PIMCO Corporate & Income Opportunity Fund Price Performance
The company has a 50-day moving average price of $13.68 and a 200-day moving average price of $14.27.
PIMCO Corporate & Income Opportunity Fund Dividend Announcement
The firm also recently announced a monthly dividend, which will be paid on Monday, June 2nd. Investors of record on Monday, May 12th will be paid 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 10.45%.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in PTY. Vermillion & White Wealth Management Group LLC bought a new position in shares of PIMCO Corporate & Income Opportunity Fund during the 4th quarter worth about $27,000. Signaturefd LLC acquired a new stake in PIMCO Corporate & Income Opportunity Fund during the first quarter worth about $29,000. Rothschild Investment LLC acquired a new stake in PIMCO Corporate & Income Opportunity Fund during the first quarter worth about $39,000. Assetmark Inc. increased its stake in PIMCO Corporate & Income Opportunity Fund by 360.4% during the first quarter. Assetmark Inc. now owns 2,919 shares of the investment management company's stock valued at $42,000 after acquiring an additional 2,285 shares during the period. Finally, Continuum Advisory LLC raised its holdings in PIMCO Corporate & Income Opportunity Fund by 30.3% in the 4th 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. 10.25% of the stock is owned by 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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