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

Pimco Corporate & Income Opportunity Fund (NYSE:PTY)’s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $13.84 and traded as low as $12.87. Pimco Corporate & Income Opportunity Fund shares last traded at $12.8950, with a volume of 1,244,655 shares.

Pimco Corporate & Income Opportunity Fund Trading Up 0.1%

The firm’s fifty day simple moving average is $13.50 and its 200 day simple moving average is $13.84.

Pimco Corporate & Income Opportunity Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, January 2nd. Investors of record on Thursday, December 11th will be paid a dividend of $0.1188 per share. The ex-dividend date is Thursday, December 11th. This represents a c) dividend on an annualized basis and a dividend yield of 11.1%.

Institutional Trading of Pimco Corporate & Income Opportunity Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Farther Finance Advisors LLC lifted its holdings in Pimco Corporate & Income Opportunity Fund by 9.5% in the third quarter. Farther Finance Advisors LLC now owns 8,470 shares of the investment management company’s stock valued at $122,000 after acquiring an additional 735 shares during the period. Rockefeller Capital Management L.P. increased its holdings in shares of Pimco Corporate & Income Opportunity Fund by 2.2% in the 2nd quarter. Rockefeller Capital Management L.P. now owns 34,708 shares of the investment management company’s stock valued at $483,000 after purchasing an additional 761 shares in the last quarter. Modern Wealth Management LLC lifted its stake in shares of Pimco Corporate & Income Opportunity Fund by 6.0% in the second quarter. Modern Wealth Management LLC now owns 13,826 shares of the investment management company’s stock valued at $192,000 after purchasing an additional 784 shares during the period. Beacon Financial Advisory LLC boosted its holdings in Pimco Corporate & Income Opportunity Fund by 8.3% during the second quarter. Beacon Financial Advisory LLC now owns 12,116 shares of the investment management company’s stock worth $169,000 after buying an additional 929 shares in the last quarter. Finally, AE Wealth Management LLC boosted its holdings in Pimco Corporate & Income Opportunity Fund by 6.1% during the third quarter. AE Wealth Management LLC now owns 18,399 shares of the investment management company’s stock worth $266,000 after buying an additional 1,065 shares in the last quarter. 10.25% of the stock is currently owned by institutional investors and hedge funds.

Pimco Corporate & Income Opportunity Fund Company Profile

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.