Pimco Corporate & Income Opportunity Fund (NYSE:PTY - Get Free Report) 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 traded.
Pimco Corporate & Income Opportunity Fund Stock Up 0.1%
The business's 50-day moving average price is $13.76 and its 200-day moving average price is $14.08.
Pimco Corporate & Income Opportunity Fund Announces Dividend
The business also recently announced a monthly dividend, which will be paid on Friday, August 1st. Shareholders of record on Friday, July 11th will be given a $0.1188 dividend. The ex-dividend date of this dividend is Friday, July 11th. This represents a $1.43 dividend on an annualized basis and a yield of 10.25%.
Institutional Investors Weigh In On Pimco Corporate & Income Opportunity Fund
A number of institutional investors have recently modified their holdings of the stock. Capital Market Strategies LLC purchased a new stake in shares of Pimco Corporate & Income Opportunity Fund during the second quarter worth $292,000. Integrity Alliance LLC. acquired a new position in Pimco Corporate & Income Opportunity Fund in the 1st quarter worth about $1,438,000. Jane Street Group LLC purchased a new stake in shares of Pimco Corporate & Income Opportunity Fund during the 1st quarter worth about $472,000. Smith Asset Management Co. LLC acquired a new stake in shares of Pimco Corporate & Income Opportunity Fund during the 1st quarter valued at about $2,417,000. Finally, Cape Investment Advisory Inc. bought a new stake in shares of Pimco Corporate & Income Opportunity Fund in the 1st quarter valued at approximately $78,000. 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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