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

Pimco Corporate & Income Opportunity Fund (NYSE:PTY)’s stock price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $13.54 and traded as low as $12.76. Pimco Corporate & Income Opportunity Fund shares last traded at $12.8050, with a volume of 1,290,768 shares traded.

Pimco Corporate & Income Opportunity Fund Stock Down 0.4%

The firm has a 50 day moving average of $13.01 and a two-hundred day moving average of $13.54.

Pimco Corporate & Income Opportunity Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Thursday, February 12th will be given a $0.1188 dividend. The ex-dividend date is Thursday, February 12th. This represents a c) dividend on an annualized basis and a dividend yield of 11.1%.

Institutional Investors Weigh In On Pimco Corporate & Income Opportunity Fund

A number of large investors have recently added to or reduced their stakes in PTY. Invesco Ltd. increased its holdings in Pimco Corporate & Income Opportunity Fund by 6.8% during the 4th quarter. Invesco Ltd. now owns 1,324,697 shares of the investment management company’s stock valued at $17,089,000 after acquiring an additional 83,965 shares in the last quarter. Corient Private Wealth LLC acquired a new stake in shares of Pimco Corporate & Income Opportunity Fund in the fourth quarter valued at approximately $133,000. Smith Asset Management Co. LLC increased its stake in shares of Pimco Corporate & Income Opportunity Fund by 1.3% during the 4th quarter. Smith Asset Management Co. LLC now owns 162,381 shares of the investment management company’s stock worth $2,095,000 after purchasing an additional 2,055 shares in the last quarter. Plotkin Financial Advisors LLC raised its position in shares of Pimco Corporate & Income Opportunity Fund by 1.7% during the 4th quarter. Plotkin Financial Advisors LLC now owns 127,102 shares of the investment management company’s stock worth $1,640,000 after purchasing an additional 2,084 shares during the last quarter. Finally, Vermillion & White Wealth Management Group LLC purchased a new stake in Pimco Corporate & Income Opportunity Fund in the 4th quarter valued at approximately $27,000. 10.25% of the stock is owned by institutional investors and hedge funds.

Pimco Corporate & Income Opportunity Fund Company Profile

The Pimco Corporate & Income Opportunity Fund (NYSE: PTY) is a closed-end management investment company sponsored by Pacific Investment Management Company LLC (PIMCO). The fund’s primary objective is to provide a high level of current income, with a secondary focus on capital appreciation. It seeks to achieve these goals through investment in a diversified portfolio of corporate debt securities, loan participations and other fixed-income instruments.

PTY primarily invests in a broad range of U.S.