PIMCO Corporate & Income Opportunity Fund (NYSE:PTY) Share Price Crosses Below 200 Day Moving Average of $14.32

PIMCO Corporate & Income Opportunity Fund (NYSE:PTY)’s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $14.32 and traded as low as $14.30. PIMCO Corporate & Income Opportunity Fund shares last traded at $14.34, with a volume of 649,708 shares trading hands.

PIMCO Corporate & Income Opportunity Fund Stock Performance

The firm has a 50 day moving average price of $14.26 and a 200 day moving average price of $14.32.

PIMCO Corporate & Income Opportunity Fund Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Friday, September 13th will be paid a $0.1188 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $1.43 annualized dividend and a yield of 9.94%.

Institutional Investors Weigh In On PIMCO Corporate & Income Opportunity Fund

Several institutional investors have recently added to or reduced their stakes in PTY. D.A. Davidson & CO. boosted its holdings in PIMCO Corporate & Income Opportunity Fund by 25.5% in the fourth quarter. D.A. Davidson & CO. now owns 36,706 shares of the investment management company’s stock worth $486,000 after acquiring an additional 7,456 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of PIMCO Corporate & Income Opportunity Fund by 7.3% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 367,766 shares of the investment management company’s stock worth $4,869,000 after purchasing an additional 24,982 shares during the period. Parallel Advisors LLC lifted its holdings in shares of PIMCO Corporate & Income Opportunity Fund by 25.5% during the fourth quarter. Parallel Advisors LLC now owns 93,459 shares of the investment management company’s stock worth $1,237,000 after purchasing an additional 19,007 shares during the period. Focus Financial Network Inc. ADV acquired a new stake in shares of PIMCO Corporate & Income Opportunity Fund during the fourth quarter worth about $1,856,000. Finally, Avestar Capital LLC lifted its holdings in shares of PIMCO Corporate & Income Opportunity Fund by 110.8% during the fourth quarter. Avestar Capital LLC now owns 57,300 shares of the investment management company’s stock worth $764,000 after purchasing an additional 30,120 shares during the period. Institutional investors and hedge funds own 10.25% of the company’s stock.

PIMCO Corporate & Income Opportunity Fund Company Profile

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.