PIMCO Corporate & Income Opportunity Fund (NYSE:PTY - Get Free Report)'s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $14.44 and traded as low as $12.87. PIMCO Corporate & Income Opportunity Fund shares last traded at $12.94, with a volume of 1,108,936 shares trading hands.
PIMCO Corporate & Income Opportunity Fund Stock Up 0.6 %
The stock's 50 day moving average is $14.15 and its two-hundred day moving average is $14.41.
PIMCO Corporate & Income Opportunity Fund Announces Dividend
The company also recently declared a monthly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Friday, April 11th will be paid a $0.1188 dividend. This represents a $1.43 dividend on an annualized basis and a dividend yield of 10.82%. The ex-dividend date is Friday, April 11th.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in the company. Vermillion & White Wealth Management Group LLC acquired a new stake in shares of PIMCO Corporate & Income Opportunity Fund in the fourth quarter valued at about $27,000. Rothschild Investment LLC purchased a new stake in PIMCO Corporate & Income Opportunity Fund during the 1st quarter valued at about $39,000. 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 during the last quarter. Bank of New Hampshire lifted its stake in PIMCO Corporate & Income Opportunity Fund by 79.3% in the 4th quarter. Bank of New Hampshire now owns 3,425 shares of the investment management company's stock worth $49,000 after purchasing an additional 1,515 shares in the last quarter. Finally, Brown Brothers Harriman & Co. acquired a new position in shares of PIMCO Corporate & Income Opportunity Fund during the 4th quarter worth approximately $58,000. 10.25% of the stock is owned by institutional investors and hedge funds.
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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