PIMCO Corporate & Income Opportunity Fund (NYSE:PTY) Sees Strong Trading Volume After Dividend Announcement

PIMCO Corporate & Income Opportunity Fund (NYSE:PTY) saw unusually-strong trading volume on Friday after the company announced a dividend. Approximately 950,717 shares changed hands during trading, an increase of 53% from the previous session’s volume of 620,810 shares.The stock last traded at $13.72 and had previously closed at $14.41.

The newly announced dividend which will be paid on Thursday, May 1st. Investors of record on Friday, April 11th will be given a dividend of $0.1188 per share. This represents a $1.43 annualized dividend and a yield of 10.42%. The ex-dividend date is Friday, April 11th.

PIMCO Corporate & Income Opportunity Fund Stock Down 5.1 %

The firm’s fifty day simple moving average is $14.59 and its two-hundred day simple moving average is $14.53.

Institutional Investors Weigh In On PIMCO Corporate & Income Opportunity Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Continuum Advisory LLC grew its holdings in shares of PIMCO Corporate & Income Opportunity Fund by 30.3% during the 4th quarter. Continuum Advisory LLC now owns 3,072 shares of the investment management company’s stock worth $44,000 after purchasing an additional 714 shares during the period. Modern Wealth Management LLC increased its position in shares of PIMCO Corporate & Income Opportunity Fund by 5.9% during the fourth quarter. Modern Wealth Management LLC now owns 13,034 shares of the investment management company’s stock valued at $193,000 after acquiring an additional 727 shares during the last quarter. Accelerate Investment Advisors LLC increased its position in shares of PIMCO Corporate & Income Opportunity Fund by 5.8% during the fourth quarter. Accelerate Investment Advisors LLC now owns 14,516 shares of the investment management company’s stock valued at $209,000 after acquiring an additional 799 shares during the last quarter. C2C Wealth Management LLC raised its stake in shares of PIMCO Corporate & Income Opportunity Fund by 1.4% in the 4th quarter. C2C Wealth Management LLC now owns 70,100 shares of the investment management company’s stock valued at $1,007,000 after acquiring an additional 1,000 shares during the period. Finally, Williams Jones Wealth Management LLC. lifted its holdings in shares of PIMCO Corporate & Income Opportunity Fund by 11.1% in the 4th quarter. Williams Jones Wealth Management LLC. now owns 14,058 shares of the investment management company’s stock worth $202,000 after acquiring an additional 1,402 shares during the last quarter. Institutional investors and hedge funds own 10.25% of the company’s stock.

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.