PIMCO Corporate & Income Opportunity Fund (NYSE:PTY - Get Free Report) passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $14.39 and traded as high as $14.60. PIMCO Corporate & Income Opportunity Fund shares last traded at $14.60, with a volume of 579,009 shares trading hands.
PIMCO Corporate & Income Opportunity Fund Stock Performance
The stock's 50-day moving average is $14.40 and its 200 day moving average is $14.31.
PIMCO Corporate & Income Opportunity Fund Announces Dividend
The firm also recently announced a monthly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Tuesday, November 12th will be given a $0.1188 dividend. This represents a $1.43 dividend on an annualized basis and a dividend yield of 9.76%. The ex-dividend date is Tuesday, November 12th.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the business. Farther Finance Advisors LLC purchased a new position in PIMCO Corporate & Income Opportunity Fund in the third quarter worth $39,000. International Assets Investment Management LLC acquired a new position in PIMCO Corporate & Income Opportunity Fund during the second quarter valued at approximately $47,000. EverSource Wealth Advisors LLC grew its stake in shares of PIMCO Corporate & Income Opportunity Fund by 204.5% in the second quarter. EverSource Wealth Advisors LLC now owns 6,700 shares of the investment management company's stock valued at $96,000 after buying an additional 4,500 shares in the last quarter. Insigneo Advisory Services LLC purchased a new stake in shares of PIMCO Corporate & Income Opportunity Fund during the second quarter worth about $142,000. Finally, Beacon Financial Advisory LLC acquired a new stake in PIMCO Corporate & Income Opportunity Fund in the third quarter valued at $151,000. Hedge funds and other institutional investors own 10.25% of the company's stock.
PIMCO Corporate & Income Opportunity Fund Company Profile
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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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