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

PIMCO Corporate & Income Opportunity Fund (NYSE:PTY) shares saw an uptick in trading volume on Monday . 531,154 shares traded hands during mid-day trading, a decline of 7% from the previous session’s volume of 574,156 shares.The stock last traded at $13.86 and had previously closed at $14.37.

PIMCO Corporate & Income Opportunity Fund Stock Up 0.3 %

The company has a fifty day moving average of $14.33 and a two-hundred day moving average of $14.27.

PIMCO Corporate & Income Opportunity Fund Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Monday, August 12th will be paid a $0.119 dividend. This represents a $1.43 dividend on an annualized basis and a dividend yield of 9.98%. This is a boost from PIMCO Corporate & Income Opportunity Fund’s previous monthly dividend of $0.12. The ex-dividend date is Monday, August 12th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Global Retirement Partners LLC bought a new position in shares of PIMCO Corporate & Income Opportunity Fund in the fourth quarter worth about $35,000. ICA Group Wealth Management LLC acquired a new position in shares of PIMCO Corporate & Income Opportunity Fund during the fourth quarter worth approximately $38,000. International Assets Investment Management LLC bought a new stake in shares of PIMCO Corporate & Income Opportunity Fund in the second quarter valued at approximately $47,000. AlphaMark Advisors LLC grew its stake in shares of PIMCO Corporate & Income Opportunity Fund by 19.4% in the first quarter. AlphaMark Advisors LLC now owns 9,440 shares of the investment management company’s stock worth $140,000 after acquiring an additional 1,536 shares during the last quarter. Finally, Prime Capital Investment Advisors LLC bought a new position in PIMCO Corporate & Income Opportunity Fund during the fourth quarter worth $154,000. 10.25% of the stock is currently owned by institutional investors and hedge funds.

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.