Pimco Corporate & Income Opportunity Fund (NYSE:PTY) Stock Price Passes Above 50-Day Moving Average – Here’s Why

Shares of Pimco Corporate & Income Opportunity Fund (NYSE:PTY) passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $13.65 and traded as high as $13.65. Pimco Corporate & Income Opportunity Fund shares last traded at $13.64, with a volume of 476,305 shares.

Pimco Corporate & Income Opportunity Fund Stock Performance

The stock’s 50 day simple moving average is $13.65 and its two-hundred day simple moving average is $14.12.

Pimco Corporate & Income Opportunity Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Thursday, June 12th will be issued a dividend of $0.1188 per share. This represents a $1.43 dividend on an annualized basis and a dividend yield of 10.46%. The ex-dividend date is Thursday, June 12th.

Institutional Trading of Pimco Corporate & Income Opportunity Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vermillion & White Wealth Management Group LLC bought a new position in Pimco Corporate & Income Opportunity Fund during the fourth quarter worth about $27,000. Signaturefd LLC bought a new stake in shares of Pimco Corporate & Income Opportunity Fund in the 1st quarter valued at approximately $29,000. Rothschild Investment LLC acquired a new position in shares of Pimco Corporate & Income Opportunity Fund in the 1st quarter worth approximately $39,000. Assetmark Inc. lifted its position in shares of Pimco Corporate & Income Opportunity Fund by 360.4% during the 1st quarter. Assetmark Inc. now owns 2,919 shares of the investment management company’s stock worth $42,000 after buying an additional 2,285 shares during the period. Finally, Continuum Advisory LLC boosted its stake in 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 buying an additional 714 shares in the last quarter. 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.