PIMCO Corporate & Income Opportunity Fund (NYSE:PTY) Share Price Passes Below Two Hundred Day Moving Average – Here’s What Happened

PIMCO Corporate & Income Opportunity Fund (NYSE:PTY) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $14.52 and traded as low as $14.40. PIMCO Corporate & Income Opportunity Fund shares last traded at $14.44, with a volume of 524,087 shares changing hands.

PIMCO Corporate & Income Opportunity Fund Price Performance

The business’s fifty day moving average price is $14.59 and its 200-day moving average price is $14.52.

PIMCO Corporate & Income Opportunity Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Thursday, March 13th will be paid a $0.1188 dividend. This represents a $1.43 annualized dividend and a yield of 9.86%. The ex-dividend date of this dividend is Thursday, March 13th.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Vermillion & White Wealth Management Group LLC purchased a new stake in shares of PIMCO Corporate & Income Opportunity Fund in the fourth quarter worth $27,000. Continuum Advisory LLC raised 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 acquiring an additional 714 shares in the last quarter. Bank of New Hampshire raised its holdings in shares of PIMCO Corporate & Income Opportunity Fund by 79.3% in the 4th quarter. Bank of New Hampshire now owns 3,425 shares of the investment management company’s stock valued at $49,000 after acquiring an additional 1,515 shares in the last quarter. Brown Brothers Harriman & Co. bought a new stake in shares of PIMCO Corporate & Income Opportunity Fund during the 4th quarter valued at about $58,000. Finally, IHT Wealth Management LLC purchased a new position in shares of PIMCO Corporate & Income Opportunity Fund during the fourth quarter worth about $146,000. 10.25% of the stock is currently owned by hedge funds and other institutional investors.

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.