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

Pimco Corporate & Income Opportunity Fund (NYSE:PTY)’s share price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $13.75 and traded as low as $13.12. Pimco Corporate & Income Opportunity Fund shares last traded at $13.1450, with a volume of 1,005,677 shares.

Pimco Corporate & Income Opportunity Fund Trading Down 0.1%

The firm has a 50-day moving average of $13.16 and a two-hundred day moving average of $13.75.

Pimco Corporate & Income Opportunity Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, February 2nd. Investors of record on Tuesday, January 13th will be paid a $0.1188 dividend. This represents a c) annualized dividend and a dividend yield of 10.8%. The ex-dividend date is Tuesday, January 13th.

Institutional Trading of Pimco Corporate & Income Opportunity Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Invesco Ltd. acquired a new stake in Pimco Corporate & Income Opportunity Fund in the 2nd quarter valued at $16,400,000. Northwestern Mutual Wealth Management Co. lifted its holdings in Pimco Corporate & Income Opportunity Fund by 19.6% during the third 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 purchasing an additional 385,602 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its holdings in Pimco Corporate & Income Opportunity Fund by 425.1% during the second quarter. Steward Partners Investment Advisory LLC now owns 333,526 shares of the investment management company’s stock valued at $4,639,000 after purchasing an additional 270,013 shares in the last quarter. Captrust Financial Advisors grew its position in shares of Pimco Corporate & Income Opportunity Fund by 1,200.0% in 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 period. Finally, Private Advisor Group LLC increased its stake in shares of Pimco Corporate & Income Opportunity Fund by 23.2% during the third quarter. Private Advisor Group LLC now owns 712,068 shares of the investment management company’s stock worth $10,282,000 after purchasing an additional 134,053 shares in the last quarter. Institutional investors and hedge funds own 10.25% of the company’s stock.

About Pimco Corporate & Income Opportunity Fund

The Pimco Corporate & Income Opportunity Fund (NYSE: PTY) is a closed-end management investment company sponsored by Pacific Investment Management Company LLC (PIMCO). The fund’s primary objective is to provide a high level of current income, with a secondary focus on capital appreciation. It seeks to achieve these goals through investment in a diversified portfolio of corporate debt securities, loan participations and other fixed-income instruments.

PTY primarily invests in a broad range of U.S.