Pimco Corporate & Income Opportunity Fund (NYSE:PTY - Get Free Report) declared a monthly dividend on Thursday, July 3rd, Wall Street Journal reports. Shareholders of record on Friday, July 11th will be given a dividend of 0.1188 per share by the investment management company on Friday, August 1st. This represents a $1.43 dividend on an annualized basis and a yield of 10.25%. The ex-dividend date is Friday, July 11th.
Pimco Corporate & Income Opportunity Fund Trading Up 0.1%
PTY traded up $0.02 during trading on Friday, reaching $13.92. The company's stock had a trading volume of 314,805 shares, compared to its average volume of 687,790. The firm has a fifty day simple moving average of $13.76 and a two-hundred day simple moving average of $14.08. Pimco Corporate & Income Opportunity Fund has a 1 year low of $11.70 and a 1 year high of $14.87.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the business. Integrated Wealth Concepts LLC purchased a new position in Pimco Corporate & Income Opportunity Fund in the 1st quarter worth approximately $209,000. Jane Street Group LLC purchased a new position in Pimco Corporate & Income Opportunity Fund in the 1st quarter worth approximately $472,000. NewEdge Advisors LLC lifted its stake in Pimco Corporate & Income Opportunity Fund by 2.5% in the 1st quarter. NewEdge Advisors LLC now owns 88,471 shares of the investment management company's stock worth $1,279,000 after purchasing an additional 2,164 shares in the last quarter. Finally, Royal Bank of Canada raised its position in shares of Pimco Corporate & Income Opportunity Fund by 0.8% during the 1st quarter. Royal Bank of Canada now owns 272,394 shares of the investment management company's stock valued at $3,939,000 after buying an additional 2,256 shares during the period. 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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