PIMCO Corporate & Income Opportunity Fund (NYSE:PTY) Sees Unusually-High Trading Volume Following Dividend Announcement

PIMCO Corporate & Income Opportunity Fund (NYSE:PTY) shares saw strong trading volume on Friday after the company announced a dividend. 950,717 shares traded hands during trading, an increase of 53% from the previous session’s volume of 620,810 shares.The stock last traded at $13.72 and had previously closed at $14.41.

The newly announced dividend which will be paid on Thursday, May 1st. Stockholders of record on Friday, April 11th will be paid a $0.1188 dividend. This represents a $1.43 dividend on an annualized basis and a dividend yield of 11.03%. The ex-dividend date is Friday, April 11th.

PIMCO Corporate & Income Opportunity Fund Trading Down 10.3 %

The stock’s fifty day moving average is $14.56 and its two-hundred day moving average is $14.52.

Hedge Funds Weigh In On PIMCO Corporate & Income Opportunity Fund

Several institutional investors have recently modified their holdings of PTY. Vermillion & White Wealth Management Group LLC acquired a new position in PIMCO Corporate & Income Opportunity Fund during the 4th quarter valued at about $27,000. Continuum Advisory LLC lifted its position in shares of PIMCO Corporate & Income Opportunity Fund by 30.3% during the 4th quarter. Continuum Advisory LLC now owns 3,072 shares of the investment management company’s stock valued at $44,000 after acquiring an additional 714 shares during the last quarter. Bank of New Hampshire boosted its position in shares of PIMCO Corporate & Income Opportunity Fund by 79.3% in the 4th quarter. Bank of New Hampshire now owns 3,425 shares of the investment management company’s stock valued at $49,000 after purchasing an additional 1,515 shares during the period. Brown Brothers Harriman & Co. purchased a new position in shares of PIMCO Corporate & Income Opportunity Fund in the fourth quarter worth approximately $58,000. Finally, IHT Wealth Management LLC purchased a new position in PIMCO Corporate & Income Opportunity Fund during the 4th quarter worth approximately $146,000. 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.