Pimco Corporate & Income Opportunity Fund (NYSE:PTY) Stock Passes Below 200-Day Moving Average - Should You Sell?

Pimco Corporate & Income Opportunity Fund (NYSE:PTY - Get Free Report)'s stock price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $14.05 and traded as low as $13.75. Pimco Corporate & Income Opportunity Fund shares last traded at $13.78, with a volume of 900,307 shares trading hands.

Pimco Corporate & Income Opportunity Fund Trading Down 0.2%

The company has a fifty day simple moving average of $13.77 and a two-hundred day simple moving average of $14.04.

Pimco Corporate & Income Opportunity Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, August 1st. Stockholders of record on Friday, July 11th will be paid a dividend of $0.1188 per share. This represents a $1.43 annualized dividend and a dividend yield of 10.35%. The ex-dividend date of this dividend is Friday, July 11th.

Institutional Investors Weigh In On Pimco Corporate & Income Opportunity Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Vermillion & White Wealth Management Group LLC bought a new position in Pimco Corporate & Income Opportunity Fund in the 4th quarter valued at about $27,000. Signaturefd LLC bought a new stake in shares of Pimco Corporate & Income Opportunity Fund in the 1st quarter valued at about $29,000. Rothschild Investment LLC bought a new stake in shares of Pimco Corporate & Income Opportunity Fund in the 1st quarter valued at about $39,000. Assetmark Inc. boosted its position in shares of Pimco Corporate & Income Opportunity Fund by 360.4% during 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 in the last quarter. Finally, Continuum Advisory LLC boosted its position in shares of Pimco Corporate & Income Opportunity Fund by 30.3% during the 4th quarter. Continuum Advisory LLC now owns 3,072 shares of the investment management company's stock valued at $44,000 after purchasing an additional 714 shares in the last quarter. Institutional investors and hedge funds own 10.25% of the company's stock.

Pimco Corporate & Income Opportunity Fund Company Profile

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.