Pimco Corporate & Income Opportunity Fund (NYSE:PTY) Stock Price Passes Below Two Hundred Day Moving Average – What’s Next?

Pimco Corporate & Income Opportunity Fund (NYSE:PTY) shares crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $13.71 and traded as low as $12.97. Pimco Corporate & Income Opportunity Fund shares last traded at $13.0050, with a volume of 953,123 shares trading hands.

Pimco Corporate & Income Opportunity Fund Stock Down 0.4%

The company’s fifty day simple moving average is $13.08 and its 200-day simple moving average is $13.71.

Pimco Corporate & Income Opportunity Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, February 2nd. Investors of record on Tuesday, January 13th will be given a dividend of $0.1188 per share. This represents a c) annualized dividend and a yield of 11.0%. The ex-dividend date of this dividend is Tuesday, January 13th.

Institutional Investors Weigh In On Pimco Corporate & Income Opportunity Fund

Several institutional investors have recently added to or reduced their stakes in PTY. Invesco Ltd. acquired a new stake in Pimco Corporate & Income Opportunity Fund during the 2nd quarter worth about $16,400,000. Northwestern Mutual Wealth Management Co. raised its stake in shares of Pimco Corporate & Income Opportunity Fund by 19.6% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 2,349,452 shares of the investment management company’s stock worth $33,926,000 after purchasing an additional 385,602 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its holdings in shares of 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 worth $4,639,000 after purchasing an additional 270,013 shares during the period. Captrust Financial Advisors boosted its position in 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 buying an additional 179,887 shares during the last quarter. Finally, Private Advisor Group LLC increased its holdings in Pimco Corporate & Income Opportunity Fund by 23.2% in the 3rd quarter. Private Advisor Group LLC now owns 712,068 shares of the investment management company’s stock worth $10,282,000 after buying an additional 134,053 shares during the period. Institutional investors and hedge funds own 10.25% of the company’s stock.

Pimco Corporate & Income Opportunity Fund Company Profile

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.