PIMCO Corporate & Income Opportunity Fund (NYSE:PTY) Hits New 12-Month Low – Time to Sell?

Shares of PIMCO Corporate & Income Opportunity Fund (NYSE:PTY) reached a new 52-week low on Saturday . The stock traded as low as $12.50 and last traded at $12.93, with a volume of 6265942 shares traded. The stock had previously closed at $14.41.

PIMCO Corporate & Income Opportunity Fund Trading Down 10.3 %

The firm has a fifty day simple moving average of $14.56 and a 200-day simple moving average of $14.52.

PIMCO Corporate & Income Opportunity Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Friday, April 11th will be paid a dividend of $0.1188 per share. This represents a $1.43 annualized dividend and a dividend yield of 11.03%. The ex-dividend date is Friday, April 11th.

Institutional Trading of PIMCO Corporate & Income Opportunity Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PTY. HighTower Advisors LLC lifted its position in PIMCO Corporate & Income Opportunity Fund by 8.4% during the 3rd quarter. HighTower Advisors LLC now owns 42,042 shares of the investment management company’s stock valued at $605,000 after purchasing an additional 3,254 shares during the period. Jane Street Group LLC raised its stake in shares of PIMCO Corporate & Income Opportunity Fund by 83.7% during the third quarter. Jane Street Group LLC now owns 22,991 shares of the investment management company’s stock worth $331,000 after buying an additional 10,477 shares during the last quarter. M&T Bank Corp lifted its holdings in PIMCO Corporate & Income Opportunity Fund by 14.7% in the third quarter. M&T Bank Corp now owns 126,310 shares of the investment management company’s stock valued at $1,818,000 after buying an additional 16,180 shares during the period. Sanctuary Advisors LLC boosted its stake in PIMCO Corporate & Income Opportunity Fund by 5.1% in the third quarter. Sanctuary Advisors LLC now owns 54,243 shares of the investment management company’s stock valued at $795,000 after acquiring an additional 2,621 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. grew its holdings in PIMCO Corporate & Income Opportunity Fund by 205.4% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 48,769 shares of the investment management company’s stock worth $704,000 after acquiring an additional 32,798 shares during the period. 10.25% of the stock is currently owned by institutional investors and hedge funds.

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.