Shares of Pimco Corporate & Income Opportunity Fund (NYSE:PTY - Get Free Report) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $14.07 and traded as low as $13.87. Pimco Corporate & Income Opportunity Fund shares last traded at $13.93, with a volume of 829,889 shares trading hands.
Pimco Corporate & Income Opportunity Fund Price Performance
The company's 50 day moving average is $13.78 and its two-hundred day moving average is $14.06.
Pimco Corporate & Income Opportunity Fund Dividend Announcement
The firm also recently declared a monthly dividend, which will be paid on Friday, August 1st. Shareholders of record on Friday, July 11th will be paid a dividend of $0.1188 per share. This represents a $1.43 dividend on an annualized basis and a yield of 10.32%. The ex-dividend date of this dividend is Friday, July 11th.
Institutional Trading of Pimco Corporate & Income Opportunity Fund
Hedge funds have recently modified their holdings of the company. Raymond James Financial Inc. acquired a new stake in shares of Pimco Corporate & Income Opportunity Fund in the fourth quarter valued at approximately $10,145,000. GWN Securities Inc. acquired a new stake in shares of Pimco Corporate & Income Opportunity Fund in the fourth quarter valued at approximately $549,000. Parallel Advisors LLC increased its holdings in shares of Pimco Corporate & Income Opportunity Fund by 2.1% in the fourth quarter. Parallel Advisors LLC now owns 102,569 shares of the investment management company's stock valued at $1,474,000 after purchasing an additional 2,125 shares in the last quarter. Axxcess Wealth Management LLC increased its holdings in shares of Pimco Corporate & Income Opportunity Fund by 4.3% in the fourth quarter. Axxcess Wealth Management LLC now owns 444,750 shares of the investment management company's stock valued at $6,391,000 after purchasing an additional 18,158 shares in the last quarter. Finally, Samalin Investment Counsel LLC boosted its stake in Pimco Corporate & Income Opportunity Fund by 3.7% in the fourth quarter. Samalin Investment Counsel LLC now owns 81,140 shares of the investment management company's stock valued at $1,166,000 after acquiring an additional 2,897 shares during the last quarter. Institutional investors and hedge funds own 10.25% of the company's stock.
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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