PIMCO Corporate & Income Opportunity Fund (NYSE:PTY - Get Free Report)'s stock price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $14.52 and traded as low as $14.40. PIMCO Corporate & Income Opportunity Fund shares last traded at $14.44, with a volume of 524,087 shares trading hands.
PIMCO Corporate & Income Opportunity Fund Price Performance
The stock has a 50-day moving average price of $14.60 and a 200-day moving average price of $14.53.
PIMCO Corporate & Income Opportunity Fund Announces Dividend
The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Thursday, March 13th will be given a dividend of $0.1188 per share. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $1.43 dividend on an annualized basis and a yield of 9.86%.
Hedge Funds Weigh In On PIMCO Corporate & Income Opportunity Fund
Several institutional investors and hedge funds have recently modified their holdings of the stock. LPL Financial LLC boosted its holdings in shares of PIMCO Corporate & Income Opportunity Fund by 10.5% during the 4th quarter. LPL Financial LLC now owns 2,235,344 shares of the investment management company's stock worth $32,122,000 after buying an additional 212,384 shares during the period. XML Financial LLC raised its stake in PIMCO Corporate & Income Opportunity Fund by 3.8% in the 4th quarter. XML Financial LLC now owns 1,455,963 shares of the investment management company's stock worth $20,922,000 after purchasing an additional 53,557 shares in the last quarter. Raymond James Financial Inc. bought a new stake in PIMCO Corporate & Income Opportunity Fund in the 4th quarter valued at about $10,145,000. Bank of America Corp DE grew its position in shares of PIMCO Corporate & Income Opportunity Fund by 6.9% during the 4th quarter. Bank of America Corp DE now owns 565,486 shares of the investment management company's stock worth $8,126,000 after purchasing an additional 36,362 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its holdings in shares of PIMCO Corporate & Income Opportunity Fund by 2.2% during the fourth quarter. Envestnet Asset Management Inc. now owns 545,915 shares of the investment management company's stock worth $7,845,000 after purchasing an additional 11,765 shares during the period. 10.25% of the stock is currently owned by institutional investors and hedge funds.
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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