Pimco Corporate & Income Opportunity Fund (NYSE:PTY) Shares Pass Below 200 Day Moving Average – Should You Sell?

Pimco Corporate & Income Opportunity Fund (NYSE:PTY) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $13.93 and traded as low as $12.82. Pimco Corporate & Income Opportunity Fund shares last traded at $12.8350, with a volume of 1,441,892 shares changing hands.

Pimco Corporate & Income Opportunity Fund Stock Down 0.7%

The company has a fifty day simple moving average of $14.01 and a two-hundred day simple moving average of $13.93.

Pimco Corporate & Income Opportunity Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, December 1st. Shareholders of record on Friday, November 14th will be paid a dividend of $0.1188 per share. This represents a c) dividend on an annualized basis and a yield of 11.1%. The ex-dividend date is Friday, November 14th.

Institutional Trading of Pimco Corporate & Income Opportunity Fund

Institutional investors and hedge funds have recently made changes to their positions in the company. Farther Finance Advisors LLC lifted its stake in Pimco Corporate & Income Opportunity Fund by 9.5% during the third quarter. Farther Finance Advisors LLC now owns 8,470 shares of the investment management company’s stock worth $122,000 after purchasing an additional 735 shares during the last quarter. Rockefeller Capital Management L.P. raised its holdings in shares of Pimco Corporate & Income Opportunity Fund by 2.2% during the 2nd quarter. Rockefeller Capital Management L.P. now owns 34,708 shares of the investment management company’s stock worth $483,000 after buying an additional 761 shares in the last quarter. Modern Wealth Management LLC lifted its position in shares of Pimco Corporate & Income Opportunity Fund by 6.0% during the 2nd quarter. Modern Wealth Management LLC now owns 13,826 shares of the investment management company’s stock worth $192,000 after buying an additional 784 shares during the last quarter. Objective Capital Management LLC grew its position in Pimco Corporate & Income Opportunity Fund by 2.1% in the first quarter. Objective Capital Management LLC now owns 44,014 shares of the investment management company’s stock valued at $636,000 after acquiring an additional 914 shares during the last quarter. Finally, Beacon Financial Advisory LLC grew its position in Pimco Corporate & Income Opportunity Fund by 8.3% in the second quarter. Beacon Financial Advisory LLC now owns 12,116 shares of the investment management company’s stock valued at $169,000 after acquiring an additional 929 shares during the last quarter. Institutional investors own 10.25% of the company’s stock.

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.