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

by · The Cerbat Gem

Pimco Corporate & Income Opportunity Fund (NYSE:PTY – Get Free Report) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $13.90 and traded as low as $13.23. Pimco Corporate & Income Opportunity Fund shares last traded at $13.2750, with a volume of 587,599 shares traded.

Pimco Corporate & Income Opportunity Fund Price Performance

The company’s 50-day moving average price is $13.85 and its 200 day moving average price is $13.90.

Pimco Corporate & Income Opportunity Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, December 1st. Shareholders of record on Friday, November 14th will be given a dividend of $0.1188 per share. This represents a c) annualized dividend and a yield of 10.7%. The ex-dividend date of this dividend is Friday, November 14th.

Hedge Funds Weigh In On Pimco Corporate & Income Opportunity Fund

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Invesco Ltd. purchased a new position in shares of Pimco Corporate & Income Opportunity Fund in the 2nd quarter worth about $16,400,000. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Pimco Corporate & Income Opportunity Fund by 19.6% during 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 acquiring an additional 385,602 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its holdings in shares of Pimco Corporate & Income Opportunity Fund by 425.1% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 333,526 shares of the investment management company’s stock valued at $4,639,000 after acquiring an additional 270,013 shares during the last quarter. LPL Financial LLC grew its stake in shares of Pimco Corporate & Income Opportunity Fund by 9.6% in the first quarter. LPL Financial LLC now owns 2,450,532 shares of the investment management company’s stock worth $35,435,000 after acquiring an additional 215,188 shares during the period. Finally, Captrust Financial Advisors raised its holdings in shares of Pimco Corporate & Income Opportunity Fund by 1,200.0% during the third quarter. Captrust Financial Advisors now owns 194,877 shares of the investment management company’s stock valued at $2,814,000 after purchasing an additional 179,887 shares during the last quarter. Institutional investors own 10.25% of the company’s stock.

About Pimco Corporate & Income Opportunity Fund

(Get Free Report)

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.

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