Pimco Corporate & Income Opportunity Fund (NYSE:PTY) Stock Crosses Above Fifty Day Moving Average – Time to Sell?

Pimco Corporate & Income Opportunity Fund (NYSE:PTY)’s stock price passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $13.73 and traded as high as $13.97. Pimco Corporate & Income Opportunity Fund shares last traded at $13.93, with a volume of 868,506 shares.

Pimco Corporate & Income Opportunity Fund Trading Up 0.1%

The stock has a fifty day moving average of $13.73 and a 200 day moving average of $14.09.

Pimco Corporate & Income Opportunity Fund Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Thursday, June 12th were given a dividend of $0.1188 per share. This represents a $1.43 dividend on an annualized basis and a yield of 10.23%. The ex-dividend date of this dividend was Thursday, June 12th.

Institutional Trading of Pimco Corporate & Income Opportunity Fund

Hedge funds and other institutional investors have recently made changes to their positions in the business. Vermillion & White Wealth Management Group LLC acquired a new position in Pimco Corporate & Income Opportunity Fund during the fourth quarter valued at $27,000. Signaturefd LLC acquired a new stake in Pimco Corporate & Income Opportunity Fund during the 1st quarter worth about $29,000. Rothschild Investment LLC purchased a new position in shares of Pimco Corporate & Income Opportunity Fund during the 1st quarter valued at about $39,000. Assetmark Inc. lifted its holdings in shares of Pimco Corporate & Income Opportunity Fund by 360.4% in the 1st quarter. Assetmark Inc. now owns 2,919 shares of the investment management company’s stock valued at $42,000 after buying an additional 2,285 shares during the period. Finally, Continuum Advisory LLC lifted its holdings in shares of Pimco Corporate & Income Opportunity Fund by 30.3% in the 4th quarter. Continuum Advisory LLC now owns 3,072 shares of the investment management company’s stock valued at $44,000 after buying an additional 714 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.