PIMCO Corporate & Income Opportunity Fund (NYSE:PTY) Stock Price Crosses Below 200-Day Moving Average - Should You Sell?

PIMCO Corporate & Income Opportunity Fund (NYSE:PTY - Get Free Report)'s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $14.52 and traded as low as $14.42. PIMCO Corporate & Income Opportunity Fund shares last traded at $14.50, with a volume of 920,022 shares changing hands.

PIMCO Corporate & Income Opportunity Fund Stock Down 0.5 %

The firm has a fifty day simple moving average of $14.60 and a two-hundred day simple moving average of $14.52.

PIMCO Corporate & Income Opportunity Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Thursday, March 13th will be issued a $0.1188 dividend. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $1.43 annualized dividend and a dividend yield of 9.83%.

Hedge Funds Weigh In On PIMCO Corporate & Income Opportunity Fund

A number of large investors have recently modified their holdings of PTY. Farther Finance Advisors LLC purchased a new position in shares of PIMCO Corporate & Income Opportunity Fund during the 3rd quarter valued at about $39,000. Concurrent Investment Advisors LLC purchased a new position in shares of PIMCO Corporate & Income Opportunity Fund during the 3rd quarter valued at about $223,000. Sigma Planning Corp raised its holdings in shares of PIMCO Corporate & Income Opportunity Fund by 8.2% during the 3rd quarter. Sigma Planning Corp now owns 46,289 shares of the investment management company's stock valued at $666,000 after buying an additional 3,510 shares in the last quarter. Patron Partners LLC raised its holdings in shares of PIMCO Corporate & Income Opportunity Fund by 20.0% during the 3rd quarter. Patron Partners LLC now owns 21,258 shares of the investment management company's stock valued at $306,000 after buying an additional 3,543 shares in the last quarter. Finally, Oppenheimer & Co. Inc. purchased a new position in shares of PIMCO Corporate & Income Opportunity Fund during the 3rd quarter valued at about $688,000. 10.25% of the stock is owned by hedge funds and other institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Remove Ads