PIMCO Corporate&Income Opportunity Fund (NYSE:PTY) Stock Crosses Below 50-Day Moving Average of $17.97

PIMCO Corporate&Income Opportunity Fund (NYSE:PTY)’s share price crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $17.97 and traded as low as $18.12. PIMCO Corporate&Income Opportunity Fund shares last traded at $18.13, with a volume of 1,041 shares traded.

The company has a 50-day moving average of $17.97 and a 200-day moving average of $18.01.

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, October 1st. Investors of record on Friday, September 13th will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $1.56 annualized dividend and a dividend yield of 8.60%.

Institutional investors have recently modified their holdings of the stock. AdvisorNet Financial Inc raised its position in shares of PIMCO Corporate&Income Opportunity Fund by 191.8% during the 2nd quarter. AdvisorNet Financial Inc now owns 1,532 shares of the investment management company’s stock worth $28,000 after purchasing an additional 1,007 shares during the last quarter. Alpine Global Management LLC acquired a new position in shares of PIMCO Corporate&Income Opportunity Fund during the 2nd quarter worth approximately $234,000. Nwam LLC raised its position in shares of PIMCO Corporate&Income Opportunity Fund by 5.0% during the 2nd quarter. Nwam LLC now owns 21,050 shares of the investment management company’s stock worth $382,000 after purchasing an additional 1,000 shares during the last quarter. Capital Wealth Planning LLC acquired a new position in shares of PIMCO Corporate&Income Opportunity Fund during the 2nd quarter worth approximately $400,000. Finally, Tower Research Capital LLC TRC acquired a new position in shares of PIMCO Corporate&Income Opportunity Fund during the 2nd quarter worth approximately $420,000. Hedge funds and other institutional investors own 8.73% of the company’s stock.

PIMCO Corporate&Income Opportunity Fund Company Profile (NYSE:PTY)

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.

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