Shares of PIMCO Corporate & Income Opportunity Fund (NYSE:PTY - Get Free Report) reached a new 52-week low during mid-day trading on Saturday . The company traded as low as $12.50 and last traded at $12.93, with a volume of 6265942 shares trading hands. The stock had previously closed at $14.41.
PIMCO Corporate & Income Opportunity Fund Trading Down 4.3 %
The firm has a fifty day moving average of $14.40 and a 200 day moving average of $14.48.
PIMCO Corporate & Income Opportunity Fund Dividend Announcement
The company also recently announced a monthly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Friday, April 11th will be paid a $0.1188 dividend. The ex-dividend date of this dividend is Friday, April 11th. This represents a $1.43 annualized dividend and a dividend yield of 11.12%.
Institutional Investors Weigh In On PIMCO Corporate & Income Opportunity Fund
Several hedge funds and other institutional investors have recently added to or reduced their stakes in PTY. Vermillion & White Wealth Management Group LLC purchased a new stake in shares of PIMCO Corporate & Income Opportunity Fund during the fourth quarter worth about $27,000. Rothschild Investment LLC purchased a new stake in PIMCO Corporate & Income Opportunity Fund during the 1st quarter worth approximately $39,000. Continuum Advisory LLC raised its position in shares of PIMCO Corporate & Income Opportunity Fund by 30.3% in the 4th quarter. Continuum Advisory LLC now owns 3,072 shares of the investment management company's stock valued at $44,000 after purchasing an additional 714 shares in the last quarter. Bank of New Hampshire boosted its stake in shares of PIMCO Corporate & Income Opportunity Fund by 79.3% during the 4th quarter. Bank of New Hampshire now owns 3,425 shares of the investment management company's stock valued at $49,000 after buying an additional 1,515 shares during the last quarter. Finally, Brown Brothers Harriman & Co. acquired a new stake in shares of PIMCO Corporate & Income Opportunity Fund during the fourth quarter worth approximately $58,000. Hedge funds and other 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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