Pimco Corporate & Income Opportunity Fund (NYSE:PTY) Share Price Passes Below Two Hundred Day Moving Average – Here’s Why

Pimco Corporate & Income Opportunity Fund (NYSE:PTY) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $12.88 and traded as low as $12.23. Pimco Corporate & Income Opportunity Fund shares last traded at $12.2550, with a volume of 948,202 shares traded.

Pimco Corporate & Income Opportunity Fund Stock Down 0.1%

The stock has a fifty day moving average price of $12.26 and a 200-day moving average price of $12.88.

Pimco Corporate & Income Opportunity Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, June 1st. Stockholders of record on Monday, May 11th will be issued a $0.1188 dividend. The ex-dividend date of this dividend is Monday, May 11th. This represents a c) dividend on an annualized basis and a dividend yield of 11.6%.

Institutional Investors Weigh In On Pimco Corporate & Income Opportunity Fund

A number of large investors have recently bought and sold shares of the business. NWF Advisory Services Inc. grew its position in Pimco Corporate & Income Opportunity Fund by 10.0% during the 1st quarter. NWF Advisory Services Inc. now owns 39,395 shares of the investment management company’s stock worth $475,000 after acquiring an additional 3,592 shares during the last quarter. GHE LLC grew its position in Pimco Corporate & Income Opportunity Fund by 5.6% during the 1st quarter. GHE LLC now owns 58,550 shares of the investment management company’s stock worth $706,000 after acquiring an additional 3,100 shares during the last quarter. Fifth Third Bancorp bought a new stake in Pimco Corporate & Income Opportunity Fund during the 1st quarter worth approximately $360,000. Kestra Advisory Services LLC grew its position in Pimco Corporate & Income Opportunity Fund by 1.4% during the 1st quarter. Kestra Advisory Services LLC now owns 409,373 shares of the investment management company’s stock worth $4,937,000 after acquiring an additional 5,791 shares during the last quarter. Finally, Ascentis Independent Advisors grew its position in Pimco Corporate & Income Opportunity Fund by 109.5% during the 1st quarter. Ascentis Independent Advisors now owns 368,364 shares of the investment management company’s stock worth $4,442,000 after acquiring an additional 192,518 shares during the last quarter. 10.25% of the stock is currently owned by institutional investors.

Pimco Corporate & Income Opportunity Fund Company Profile

The Pimco Corporate & Income Opportunity Fund (NYSE: PTY) is a closed-end management investment company sponsored by Pacific Investment Management Company LLC (PIMCO). The fund’s primary objective is to provide a high level of current income, with a secondary focus on capital appreciation. It seeks to achieve these goals through investment in a diversified portfolio of corporate debt securities, loan participations and other fixed-income instruments.

PTY primarily invests in a broad range of U.S.