PIMCO Corporate & Income Opportunity Fund (NYSE:PTY) Stock Price Crosses Below 200-Day Moving Average of $13.69

Shares of PIMCO Corporate & Income Opportunity Fund (NYSE:PTY) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $13.69 and traded as low as $13.64. PIMCO Corporate & Income Opportunity Fund shares last traded at $13.68, with a volume of 571,205 shares trading hands.

PIMCO Corporate & Income Opportunity Fund Stock Up 0.1 %

The business has a 50 day moving average price of $14.38 and a 200-day moving average price of $13.69.

PIMCO Corporate & Income Opportunity Fund Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, May 1st. Investors of record on Thursday, April 11th will be issued a $0.1188 dividend. This represents a $1.43 dividend on an annualized basis and a yield of 10.42%. The ex-dividend date is Wednesday, April 10th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of PTY. Raymond James & Associates boosted its holdings in PIMCO Corporate & Income Opportunity Fund by 19.5% in the first quarter. Raymond James & Associates now owns 79,893 shares of the investment management company’s stock valued at $1,226,000 after purchasing an additional 13,028 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in PIMCO Corporate & Income Opportunity Fund by 227.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 43,247 shares of the investment management company’s stock worth $665,000 after buying an additional 30,045 shares during the last quarter. Cetera Investment Advisers lifted its holdings in PIMCO Corporate & Income Opportunity Fund by 11.6% during the 1st quarter. Cetera Investment Advisers now owns 158,089 shares of the investment management company’s stock worth $2,427,000 after buying an additional 16,432 shares during the last quarter. Merit Financial Group LLC bought a new position in PIMCO Corporate & Income Opportunity Fund during the 1st quarter worth approximately $507,000. Finally, NewEdge Advisors LLC lifted its holdings in PIMCO Corporate & Income Opportunity Fund by 2.0% during the 1st quarter. NewEdge Advisors LLC now owns 44,450 shares of the investment management company’s stock worth $683,000 after buying an additional 889 shares during the last quarter. Hedge funds and other institutional investors 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.