Pimco Corporate & Income Opportunity Fund (NYSE:PTY - Get Free Report) shares passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $13.73 and traded as high as $13.97. Pimco Corporate & Income Opportunity Fund shares last traded at $13.93, with a volume of 868,506 shares trading hands.
Pimco Corporate & Income Opportunity Fund Trading Down 0.1%
The firm has a fifty day moving average of $13.73 and a 200-day moving average of $14.09.
Pimco Corporate & Income Opportunity Fund Dividend Announcement
The firm also recently declared a monthly dividend, which was paid on Tuesday, July 1st. Investors of record on Thursday, June 12th were issued a $0.1188 dividend. The ex-dividend date was Thursday, June 12th. This represents a $1.43 annualized dividend and a yield of 10.26%.
Institutional Investors Weigh In On Pimco Corporate & Income Opportunity Fund
Institutional investors have recently made changes to their positions in the company. Vermillion & White Wealth Management Group LLC acquired a new position in Pimco Corporate & Income Opportunity Fund during the 4th quarter valued at about $27,000. Signaturefd LLC purchased a new stake in shares of Pimco Corporate & Income Opportunity Fund in the first quarter worth approximately $29,000. Rothschild Investment LLC acquired a new position in shares of Pimco Corporate & Income Opportunity Fund in the first quarter worth $39,000. Assetmark Inc. lifted its stake in shares of Pimco Corporate & Income Opportunity Fund by 360.4% in the 1st quarter. Assetmark Inc. now owns 2,919 shares of the investment management company's stock valued at $42,000 after purchasing an additional 2,285 shares during the last quarter. Finally, Continuum Advisory LLC lifted 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 worth $44,000 after purchasing an additional 714 shares during the last quarter. 10.25% of the stock is currently owned by institutional investors.
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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