PIMCO Corporate & Income Opportunity Fund (NYSE:PTY) Stock Passes Above Fifty Day Moving Average – Here’s What Happened

PIMCO Corporate & Income Opportunity Fund (NYSE:PTY) shares passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $14.39 and traded as high as $14.60. PIMCO Corporate & Income Opportunity Fund shares last traded at $14.60, with a volume of 579,009 shares.

PIMCO Corporate & Income Opportunity Fund Stock Up 0.1 %

The firm’s fifty day moving average price is $14.39 and its 200-day moving average price is $14.31.

PIMCO Corporate & Income Opportunity Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, December 2nd. Investors of record on Tuesday, November 12th will be paid a $0.1188 dividend. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $1.43 annualized dividend and a yield of 9.76%.

Institutional Investors Weigh In On PIMCO Corporate & Income Opportunity Fund

A number of institutional investors have recently modified their holdings of PTY. Farther Finance Advisors LLC bought a new position in shares of PIMCO Corporate & Income Opportunity Fund during the third quarter valued at $39,000. International Assets Investment Management LLC bought a new position in PIMCO Corporate & Income Opportunity Fund during the 2nd quarter valued at about $47,000. EverSource Wealth Advisors LLC boosted its holdings in shares of PIMCO Corporate & Income Opportunity Fund by 204.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 6,700 shares of the investment management company’s stock valued at $96,000 after acquiring an additional 4,500 shares during the last quarter. Insigneo Advisory Services LLC bought a new stake in shares of PIMCO Corporate & Income Opportunity Fund in the second quarter worth approximately $142,000. Finally, Beacon Financial Advisory LLC purchased a new position in shares of PIMCO Corporate & Income Opportunity Fund during the third quarter valued at approximately $151,000. 10.25% of the stock is 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.