PIMCO Corporate & Income Opportunity Fund (NYSE:PTY) Shares Pass Above 50-Day Moving Average – Here’s Why

PIMCO Corporate & Income Opportunity Fund (NYSE:PTY)’s share price crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $14.59 and traded as high as $14.61. PIMCO Corporate & Income Opportunity Fund shares last traded at $14.56, with a volume of 467,346 shares trading hands.

PIMCO Corporate & Income Opportunity Fund Stock Down 0.1 %

The business has a 50 day moving average of $14.59 and a 200 day moving average of $14.41.

PIMCO Corporate & Income Opportunity Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Thursday, December 12th will be paid a dividend of $0.1188 per share. This represents a $1.43 dividend on an annualized basis and a dividend yield of 9.80%. The ex-dividend date is Thursday, December 12th.

Institutional Trading of PIMCO Corporate & Income Opportunity Fund

Large investors have recently bought and sold shares of the company. Axxcess Wealth Management LLC bought a new stake in shares of PIMCO Corporate & Income Opportunity Fund during the second quarter valued at approximately $7,233,000. Envestnet Asset Management Inc. increased its stake in shares of PIMCO Corporate & Income Opportunity Fund by 81.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 527,690 shares of the investment management company’s stock worth $7,551,000 after acquiring an additional 236,616 shares in the last quarter. Truist Financial Corp increased its stake in shares of PIMCO Corporate & Income Opportunity Fund by 458.4% in the 2nd quarter. Truist Financial Corp now owns 268,396 shares of the investment management company’s stock worth $3,841,000 after acquiring an additional 220,335 shares in the last quarter. Golden State Equity Partners purchased a new position in PIMCO Corporate & Income Opportunity Fund during the 2nd quarter valued at about $2,595,000. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in PIMCO Corporate & Income Opportunity Fund by 27.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 716,571 shares of the investment management company’s stock worth $10,254,000 after acquiring an additional 152,443 shares in the last quarter. 10.25% of the stock is owned by institutional investors.

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.