PIMCO Corporate & Income Opportunity Fund (NYSE:PTY) Stock Price Crosses Below Two Hundred Day Moving Average – Here’s What Happened

Shares of PIMCO Corporate & Income Opportunity Fund (NYSE:PTY) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $14.52 and traded as low as $14.40. PIMCO Corporate & Income Opportunity Fund shares last traded at $14.44, with a volume of 524,087 shares trading hands.

PIMCO Corporate & Income Opportunity Fund Stock Up 0.0 %

The business’s fifty day moving average is $14.59 and its two-hundred day moving average is $14.52.

PIMCO Corporate & Income Opportunity Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Thursday, March 13th will be given a $0.1188 dividend. This represents a $1.43 dividend on an annualized basis and a dividend yield of 9.88%. The ex-dividend date of this dividend is Thursday, March 13th.

Hedge Funds Weigh In On PIMCO Corporate & Income Opportunity Fund

A number of institutional investors and hedge funds have recently modified their holdings of PTY. Continuum Advisory LLC grew its position in shares of 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 valued at $44,000 after buying an additional 714 shares during the last quarter. Modern Wealth Management LLC grew its holdings in shares of PIMCO Corporate & Income Opportunity Fund by 5.9% during the fourth 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 last quarter. 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 purchasing an additional 799 shares in the last quarter. C2C Wealth Management LLC lifted its holdings in shares of PIMCO Corporate & Income Opportunity Fund by 1.4% in the 4th quarter. C2C Wealth Management LLC now owns 70,100 shares of the investment management company’s stock valued at $1,007,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Williams Jones Wealth Management LLC. boosted its position in shares of PIMCO Corporate & Income Opportunity Fund by 11.1% in the 4th quarter. Williams Jones Wealth Management LLC. now owns 14,058 shares of the investment management company’s stock valued at $202,000 after purchasing an additional 1,402 shares during the period. Institutional investors and hedge funds 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.