PIMCO Corporate & Income Opportunity Fund (NYSE:PTY) Stock Crosses Below 200-Day Moving Average – Here’s Why

PIMCO Corporate & Income Opportunity Fund (NYSE:PTY) shares passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $14.52 and traded as low as $14.32. PIMCO Corporate & Income Opportunity Fund shares last traded at $14.34, with a volume of 599,967 shares traded.

PIMCO Corporate & Income Opportunity Fund Trading Down 0.0 %

The company’s 50-day simple moving average is $14.59 and its 200-day simple moving average is $14.52.

PIMCO Corporate & Income Opportunity Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Thursday, March 13th will be issued a $0.1188 dividend. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $1.43 dividend on an annualized basis and a dividend yield of 9.94%.

Hedge Funds Weigh In On PIMCO Corporate & Income Opportunity Fund

Institutional investors have recently bought and sold shares of the business. Objective Capital Management LLC acquired a new stake in shares of PIMCO Corporate & Income Opportunity Fund in the fourth quarter valued at approximately $619,000. Wealth Enhancement Advisory Services LLC boosted its position in PIMCO Corporate & Income Opportunity Fund by 53.0% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 17,055 shares of the investment management company’s stock worth $245,000 after purchasing an additional 5,906 shares during the period. Ameriflex Group Inc. bought a new position in PIMCO Corporate & Income Opportunity Fund during the fourth quarter worth $591,000. Continuum Advisory LLC increased its holdings in shares of PIMCO Corporate & Income Opportunity Fund by 30.3% in the fourth quarter. Continuum Advisory LLC now owns 3,072 shares of the investment management company’s stock valued at $44,000 after purchasing an additional 714 shares during the last quarter. Finally, Williams Jones Wealth Management LLC. raised its position in shares of PIMCO Corporate & Income Opportunity Fund by 11.1% in the fourth 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.

About PIMCO Corporate & Income Opportunity Fund

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.