Shares of PIMCO Corporate & Income Opportunity Fund (NYSE:PTY - Get Free Report) saw an uptick in trading volume on Friday following a dividend announcement from the company. 950,717 shares traded hands during mid-day trading, an increase of 53% from the previous session's volume of 620,810 shares.The stock last traded at $13.72 and had previously closed at $14.41.
The newly announced dividend which will be paid on Thursday, May 1st. Investors of record on Friday, April 11th will be given a $0.1188 dividend. The ex-dividend date is Friday, April 11th. This represents a $1.43 annualized dividend and a yield of 10.91%.
PIMCO Corporate & Income Opportunity Fund Stock Performance
The company's 50-day simple moving average is $14.45 and its 200-day simple moving average is $14.49.
Hedge Funds Weigh In On PIMCO Corporate & Income Opportunity Fund
Several institutional investors have recently added to or reduced their stakes in PTY. Vermillion & White Wealth Management Group LLC purchased a new position in shares of PIMCO Corporate & Income Opportunity Fund in the 4th quarter valued at approximately $27,000. Rothschild Investment LLC acquired a new stake in shares of PIMCO Corporate & Income Opportunity Fund in the 1st quarter worth $39,000. Continuum Advisory LLC lifted its stake 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 worth $44,000 after acquiring an additional 714 shares during the period. Bank of New Hampshire increased its stake in shares of PIMCO Corporate & Income Opportunity Fund by 79.3% during the fourth quarter. Bank of New Hampshire now owns 3,425 shares of the investment management company's stock worth $49,000 after acquiring an additional 1,515 shares during the period. Finally, Brown Brothers Harriman & Co. purchased a new position in PIMCO Corporate & Income Opportunity Fund during the fourth quarter worth about $58,000. Institutional investors and hedge funds 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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