PIMCO Corporate & Income Opportunity Fund (NYSE:PTY) Share Price Crosses Below 200 Day Moving Average of $13.69

PIMCO Corporate & Income Opportunity Fund (NYSE:PTY) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $13.69 and traded as low as $13.64. PIMCO Corporate & Income Opportunity Fund shares last traded at $13.68, with a volume of 571,205 shares traded.

PIMCO Corporate & Income Opportunity Fund Price Performance

The business has a 50-day moving average price of $14.38 and a 200 day moving average price of $13.70.

PIMCO Corporate & Income Opportunity Fund Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Thursday, April 11th will be given a $0.1188 dividend. The ex-dividend date is Wednesday, April 10th. This represents a $1.43 dividend on an annualized basis and a dividend yield of 10.40%.

Institutional Trading of PIMCO Corporate & Income Opportunity Fund

A number of hedge funds have recently made changes to their positions in the stock. Accel Wealth Management lifted its position in PIMCO Corporate & Income Opportunity Fund by 14.1% in the 1st quarter. Accel Wealth Management now owns 291,511 shares of the investment management company’s stock valued at $4,335,000 after acquiring an additional 35,931 shares in the last quarter. AlphaMark Advisors LLC lifted its holdings in shares of PIMCO Corporate & Income Opportunity Fund by 19.4% during the 1st quarter. AlphaMark Advisors LLC now owns 9,440 shares of the investment management company’s stock valued at $140,000 after buying an additional 1,536 shares during the period. Disciplined Investments LLC bought a new position in shares of PIMCO Corporate & Income Opportunity Fund during the 1st quarter valued at $744,000. Dynamic Advisor Solutions LLC lifted its holdings in shares of PIMCO Corporate & Income Opportunity Fund by 0.6% during the 1st quarter. Dynamic Advisor Solutions LLC now owns 194,680 shares of the investment management company’s stock valued at $2,895,000 after buying an additional 1,191 shares during the period. Finally, ICA Group Wealth Management LLC bought a new position in shares of PIMCO Corporate & Income Opportunity Fund during the 4th quarter valued at $38,000. 10.25% of the stock is owned by 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.