PIMCO Corporate & Income Opportunity Fund (NYSE:PTY - Get Free Report) shares saw unusually-high trading volume on Tuesday . Approximately 397,366 shares were traded during mid-day trading, a decline of 32% from the previous session's volume of 584,750 shares.The stock last traded at $14.39 and had previously closed at $14.39.
PIMCO Corporate & Income Opportunity Fund Price Performance
The stock's 50-day moving average price is $14.28 and its 200-day moving average price is $14.32.
PIMCO Corporate & Income Opportunity Fund Cuts Dividend
The business also recently disclosed a monthly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Friday, September 13th will be paid a $0.1188 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $1.43 annualized dividend and a dividend yield of 9.89%.
Institutional Trading of PIMCO Corporate & Income Opportunity Fund
Several hedge funds have recently modified their holdings of PTY. Axxcess Wealth Management LLC bought a new stake in PIMCO Corporate & Income Opportunity Fund during the 2nd quarter valued at $7,233,000. Cetera Investment Advisers grew its stake in shares of PIMCO Corporate & Income Opportunity Fund by 162.9% in the 1st quarter. Cetera Investment Advisers now owns 798,564 shares of the investment management company's stock worth $11,875,000 after acquiring an additional 494,797 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in shares of PIMCO Corporate & Income Opportunity Fund by 81.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 527,690 shares of the investment management company's stock worth $7,551,000 after acquiring an additional 236,616 shares in the last quarter. Truist Financial Corp grew its stake in shares of PIMCO Corporate & Income Opportunity Fund by 458.4% in the 2nd quarter. Truist Financial Corp now owns 268,396 shares of the investment management company's stock worth $3,841,000 after acquiring an additional 220,335 shares in the last quarter. Finally, Golden State Equity Partners bought a new stake in shares of PIMCO Corporate & Income Opportunity Fund in the 2nd quarter worth $2,595,000. Institutional investors own 10.25% of the company's stock.
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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