Shares of PIMCO Corporate & Income Opportunity Fund (NYSE:PTY - Get Free Report) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-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 changing hands.
PIMCO Corporate & Income Opportunity Fund Price Performance
The business's fifty day simple moving average is $13.68 and its two-hundred day simple moving average is $14.26.
PIMCO Corporate & Income Opportunity Fund Announces Dividend
The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 10.45%. The ex-dividend date is Monday, May 12th.
Hedge Funds Weigh In On PIMCO Corporate & Income Opportunity Fund
Several institutional investors and hedge funds have recently modified their holdings of the business. Janney Montgomery Scott LLC grew its holdings in PIMCO Corporate & Income Opportunity Fund by 10.2% in the fourth quarter. Janney Montgomery Scott LLC now owns 49,509 shares of the investment management company's stock valued at $711,000 after purchasing an additional 4,591 shares during the period. Dynamic Advisor Solutions LLC lifted its position in shares of PIMCO Corporate & Income Opportunity Fund by 8.2% during the 4th quarter. Dynamic Advisor Solutions LLC now owns 226,862 shares of the investment management company's stock valued at $3,260,000 after buying an additional 17,105 shares in the last quarter. Institute for Wealth Management LLC. grew its stake in PIMCO Corporate & Income Opportunity Fund by 16.2% in the 4th quarter. Institute for Wealth Management LLC. now owns 12,870 shares of the investment management company's stock valued at $185,000 after acquiring an additional 1,795 shares during the period. Elm3 Financial Group LLC acquired a new stake in PIMCO Corporate & Income Opportunity Fund in the 4th quarter valued at $1,239,000. Finally, Strategic Financial Concepts LLC purchased a new stake in PIMCO Corporate & Income Opportunity Fund in the 4th quarter worth $344,000. 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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