Pimco Corporate & Income Opportunity Fund (NYSE:PTY - Get Free Report)'s share price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $13.98 and traded as low as $13.91. Pimco Corporate & Income Opportunity Fund shares last traded at $13.93, with a volume of 566,422 shares.
Pimco Corporate & Income Opportunity Fund Trading Up 0.0%
The business's 50-day moving average is $13.83 and its two-hundred day moving average is $13.97.
Pimco Corporate & Income Opportunity Fund Dividend Announcement
The firm also recently declared a monthly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Monday, August 11th will be given a dividend of $0.1188 per share. This represents a c) dividend on an annualized basis and a yield of 10.2%. The ex-dividend date of this dividend is Monday, August 11th.
Institutional Trading of Pimco Corporate & Income Opportunity Fund
A number of institutional investors have recently added to or reduced their stakes in PTY. Invesco Ltd. purchased a new stake in Pimco Corporate & Income Opportunity Fund during the 2nd quarter worth $16,400,000. Cetera Investment Advisers boosted its position in Pimco Corporate & Income Opportunity Fund by 58.1% in the 1st quarter. Cetera Investment Advisers now owns 1,439,621 shares of the investment management company's stock valued at $20,817,000 after buying an additional 529,206 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its position in Pimco Corporate & Income Opportunity Fund by 425.1% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 333,526 shares of the investment management company's stock valued at $4,639,000 after buying an additional 270,013 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in Pimco Corporate & Income Opportunity Fund by 12.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,963,850 shares of the investment management company's stock valued at $27,317,000 after buying an additional 224,390 shares during the last quarter. Finally, LPL Financial LLC boosted its position in Pimco Corporate & Income Opportunity Fund by 9.6% in the 1st quarter. LPL Financial LLC now owns 2,450,532 shares of the investment management company's stock valued at $35,435,000 after buying an additional 215,188 shares during the last quarter. 10.25% of the stock is owned by hedge funds and other 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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