PIMCO Corporate & Income Opportunity Fund (NYSE:PTY - Get Free Report)'s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $14.39 and traded as low as $13.04. PIMCO Corporate & Income Opportunity Fund shares last traded at $13.13, with a volume of 473,022 shares traded.
PIMCO Corporate & Income Opportunity Fund Trading Up 0.2 %
The business has a fifty day moving average of $13.99 and a 200 day moving average of $14.36.
PIMCO Corporate & Income Opportunity Fund Announces Dividend
The business also recently announced a monthly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Friday, April 11th will be issued a dividend of $0.1188 per share. This represents a $1.43 annualized dividend and a dividend yield of 10.43%. The ex-dividend date of this dividend is Friday, April 11th.
Institutional Trading of PIMCO Corporate & Income Opportunity Fund
Hedge funds have recently made changes to their positions in the company. Continuum Advisory LLC raised its position in shares of PIMCO Corporate & Income Opportunity Fund by 30.3% during the fourth quarter. Continuum Advisory LLC now owns 3,072 shares of the investment management company's stock worth $44,000 after acquiring an additional 714 shares during the last quarter. Modern Wealth Management LLC boosted its holdings in PIMCO Corporate & Income Opportunity Fund by 5.9% during the 4th quarter. Modern Wealth Management LLC now owns 13,034 shares of the investment management company's stock worth $193,000 after acquiring an additional 727 shares during the last quarter. Accelerate Investment Advisors LLC lifted its position in shares of PIMCO Corporate & Income Opportunity Fund by 5.8% during the fourth quarter. Accelerate Investment Advisors LLC now owns 14,516 shares of the investment management company's stock valued at $209,000 after purchasing an additional 799 shares in the last quarter. Institute for Wealth Management LLC. lifted its position in shares of PIMCO Corporate & Income Opportunity Fund by 6.7% during the first quarter. Institute for Wealth Management LLC. now owns 13,730 shares of the investment management company's stock valued at $199,000 after purchasing an additional 860 shares in the last quarter. Finally, C2C Wealth Management LLC lifted its position in shares of PIMCO Corporate & Income Opportunity Fund by 1.4% during the fourth quarter. C2C Wealth Management LLC now owns 70,100 shares of the investment management company's stock valued at $1,007,000 after purchasing an additional 1,000 shares in the last quarter. 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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