PIMCO Corporate & Income Opportunity Fund (NYSE:PTY - Get Free Report)'s stock price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred 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 Price Performance
The stock's fifty day moving average is $14.60 and its 200 day moving average is $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. Investors of record on Thursday, March 13th will be issued a $0.1188 dividend. This represents a $1.43 dividend on an annualized basis and a dividend yield of 10.00%. The ex-dividend date of this dividend is Thursday, March 13th.
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the business. Continuum Advisory LLC raised its position in 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 purchasing an additional 714 shares during the period. Modern Wealth Management LLC raised its position in PIMCO Corporate & Income Opportunity Fund by 5.9% in the 4th quarter. Modern Wealth Management LLC now owns 13,034 shares of the investment management company's stock worth $193,000 after purchasing an additional 727 shares during the period. Accelerate Investment Advisors LLC increased its position in shares of PIMCO Corporate & Income Opportunity Fund by 5.8% during the fourth quarter. Accelerate Investment Advisors LLC now owns 14,516 shares of the investment management company's stock worth $209,000 after acquiring an additional 799 shares during the period. OneDigital Investment Advisors LLC increased its position in shares of PIMCO Corporate & Income Opportunity Fund by 1.2% during the third quarter. OneDigital Investment Advisors LLC now owns 70,320 shares of the investment management company's stock worth $1,012,000 after acquiring an additional 800 shares during the period. Finally, C2C Wealth Management LLC increased its position in shares of PIMCO Corporate & Income Opportunity Fund by 1.4% during the fourth quarter. C2C Wealth Management LLC now owns 70,100 shares of the investment management company's stock worth $1,007,000 after acquiring an additional 1,000 shares during the period. Institutional investors own 10.25% of the company's stock.
About PIMCO Corporate & Income Opportunity Fund
(
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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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