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 crossed 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 Up 0.2 %

The company’s fifty day moving average is $14.59 and its 200 day moving average is $14.52.

PIMCO Corporate & Income Opportunity Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Thursday, March 13th will be given a dividend of $0.1188 per share. This represents a $1.43 annualized dividend and a yield of 9.94%. The ex-dividend date is Thursday, March 13th.

Institutional Trading of PIMCO Corporate & Income Opportunity Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vermillion & White Wealth Management Group LLC bought a new stake in PIMCO Corporate & Income Opportunity Fund during the fourth quarter worth $27,000. Continuum Advisory LLC raised its position in PIMCO Corporate & Income Opportunity Fund by 30.3% during the fourth quarter. Continuum Advisory LLC now owns 3,072 shares of the investment management company’s stock worth $44,000 after acquiring an additional 714 shares in the last quarter. Bank of New Hampshire raised its position in PIMCO Corporate & Income Opportunity Fund by 79.3% during the fourth quarter. Bank of New Hampshire now owns 3,425 shares of the investment management company’s stock worth $49,000 after acquiring an additional 1,515 shares in the last quarter. Brown Brothers Harriman & Co. bought a new stake in PIMCO Corporate & Income Opportunity Fund during the fourth quarter worth $58,000. Finally, IHT Wealth Management LLC bought a new stake in PIMCO Corporate & Income Opportunity Fund during the fourth quarter worth $146,000. 10.25% of the stock is owned by institutional investors.

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.