Shares of PIMCO Corporate & Income Opportunity Fund (NYSE:PTY - Get Free Report) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $14.52 and traded as low as $14.32. PIMCO Corporate & Income Opportunity Fund shares last traded at $14.34, with a volume of 599,967 shares traded.
PIMCO Corporate & Income Opportunity Fund Stock Performance
The business has a 50-day moving average price of $14.59 and a 200-day moving average price of $14.52.
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 issued a dividend of $0.1188 per share. This represents a $1.43 annualized dividend and a yield of 9.94%. The ex-dividend date of this dividend is Thursday, March 13th.
Institutional Investors Weigh In On PIMCO Corporate & Income Opportunity Fund
Several large investors have recently bought and sold shares of PTY. LPL Financial LLC raised its position in shares of PIMCO Corporate & Income Opportunity Fund by 10.5% in the fourth quarter. LPL Financial LLC now owns 2,235,344 shares of the investment management company's stock valued at $32,122,000 after buying an additional 212,384 shares during the last quarter. XML Financial LLC grew its stake in PIMCO Corporate & Income Opportunity Fund by 3.8% during the 4th quarter. XML Financial LLC now owns 1,455,963 shares of the investment management company's stock valued at $20,922,000 after acquiring an additional 53,557 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in PIMCO Corporate & Income Opportunity Fund in the 4th quarter valued at about $10,145,000. Bank of America Corp DE lifted its stake in PIMCO Corporate & Income Opportunity Fund by 6.9% in 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. boosted its holdings in shares of PIMCO Corporate & Income Opportunity Fund by 2.2% during the 4th 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 last quarter. 10.25% of the stock is currently owned by hedge funds and other institutional investors.
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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