PIMCO Corporate & Income Opportunity Fund (NYSE:PTY) Stock Passes Above 50-Day Moving Average - What's Next?

Shares of PIMCO Corporate & Income Opportunity Fund (NYSE:PTY - Get Free Report) passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $14.59 and traded as high as $14.61. PIMCO Corporate & Income Opportunity Fund shares last traded at $14.56, with a volume of 467,346 shares.

PIMCO Corporate & Income Opportunity Fund Trading Down 0.1 %

The business's fifty day moving average is $14.59 and its two-hundred day moving average is $14.41.

PIMCO Corporate & Income Opportunity Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Thursday, December 12th will be paid a dividend of $0.1188 per share. This represents a $1.43 annualized dividend and a dividend yield of 9.80%. The ex-dividend date is Thursday, December 12th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. XML Financial LLC increased its position in PIMCO Corporate & Income Opportunity Fund by 7.1% during the 3rd quarter. XML Financial LLC now owns 1,402,406 shares of the investment management company's stock valued at $20,181,000 after purchasing an additional 92,709 shares during the period. Commonwealth Equity Services LLC raised its position in shares of PIMCO Corporate & Income Opportunity Fund by 11.6% in the 2nd quarter. Commonwealth Equity Services LLC now owns 1,092,233 shares of the investment management company's stock worth $15,630,000 after acquiring an additional 113,583 shares in the last quarter. Cetera Investment Advisers raised its holdings in PIMCO Corporate & Income Opportunity Fund by 7.0% in the second quarter. Cetera Investment Advisers now owns 854,575 shares of the investment management company's stock worth $12,229,000 after purchasing an additional 56,011 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of PIMCO Corporate & Income Opportunity Fund by 27.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 716,571 shares of the investment management company's stock valued at $10,254,000 after buying an additional 152,443 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings 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 valued at $7,551,000 after buying an additional 236,616 shares in the last quarter. Institutional investors own 10.25% of the company's stock.

PIMCO Corporate & Income Opportunity Fund Company Profile

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.