Pimco Corporate & Income Opportunity Fund (NYSE:PTY) Shares Pass Below 200-Day Moving Average – Here’s What Happened

Pimco Corporate & Income Opportunity Fund (NYSE:PTY) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $12.76 and traded as low as $11.73. Pimco Corporate & Income Opportunity Fund shares last traded at $11.7550, with a volume of 1,462,973 shares.

Pimco Corporate & Income Opportunity Fund Price Performance

The firm’s 50-day moving average is $12.10 and its 200 day moving average is $12.73.

Pimco Corporate & Income Opportunity Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, June 1st. Investors of record on Monday, May 11th will be given a $0.1188 dividend. The ex-dividend date is Monday, May 11th. This represents a c) annualized dividend and a yield of 12.0%.

Institutional Trading of Pimco Corporate & Income Opportunity Fund

Several institutional investors and hedge funds have recently bought and sold shares of PTY. Merrithew & Thorsten Inc acquired a new position in Pimco Corporate & Income Opportunity Fund during the fourth quarter worth $19,710,000. Rivernorth Capital Management LLC purchased a new position in shares of Pimco Corporate & Income Opportunity Fund during the 4th quarter worth approximately $16,026,000. Invesco Ltd. acquired a new position in Pimco Corporate & Income Opportunity Fund in the 2nd quarter valued at about $16,400,000. Wells Fargo & Company MN raised its stake in Pimco Corporate & Income Opportunity Fund by 209.6% in the 4th quarter. Wells Fargo & Company MN now owns 627,242 shares of the investment management company’s stock valued at $8,091,000 after purchasing an additional 424,649 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its stake in Pimco Corporate & Income Opportunity Fund by 19.6% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 2,349,452 shares of the investment management company’s stock valued at $33,926,000 after purchasing an additional 385,602 shares during the last quarter. Hedge funds and other institutional investors own 10.25% of the company’s stock.

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.