Pimco Corporate & Income Opportunity Fund (PTY) To Go Ex-Dividend on September 11th

Pimco Corporate & Income Opportunity Fund (NYSE:PTY) declared a monthly dividend on Tuesday, September 1st. Stockholders of record on Friday, September 11th will be given a dividend of 0.1188 per share by the investment management company on Thursday, October 1st. This represents a c) annualized dividend and a dividend yield of 12.1%. The ex-dividend date of this dividend is Friday, September 11th.

Pimco Corporate & Income Opportunity Fund Price Performance

Pimco Corporate & Income Opportunity Fund stock opened at $11.76 on Wednesday. Pimco Corporate & Income Opportunity Fund has a fifty-two week low of $11.58 and a fifty-two week high of $14.69. The firm’s 50 day simple moving average is $11.82 and its 200-day simple moving average is $12.00.

Hedge Funds Weigh In On Pimco Corporate & Income Opportunity Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. AG Asset Advisory LLC grew its position in Pimco Corporate & Income Opportunity Fund by 8.0% during the 2nd quarter. AG Asset Advisory LLC now owns 164,641 shares of the investment management company’s stock worth $1,981,000 after purchasing an additional 12,243 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new stake in shares of Pimco Corporate & Income Opportunity Fund in the second quarter valued at $160,000. Corient Private Wealth LP purchased a new stake in shares of Pimco Corporate & Income Opportunity Fund in the second quarter valued at $170,000. HighTower Advisors LLC boosted its position in shares of Pimco Corporate & Income Opportunity Fund by 84.5% in the second quarter. HighTower Advisors LLC now owns 127,516 shares of the investment management company’s stock worth $1,534,000 after buying an additional 58,412 shares during the period. Finally, Ameritas Advisory Services LLC acquired a new stake in shares of Pimco Corporate & Income Opportunity Fund in the second quarter worth $75,000. 10.25% of the stock is currently owned by hedge funds and other institutional investors.

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.