Pimco Corporate & Income Opportunity Fund (NYSE:PTY) Stock Crosses Below 200-Day Moving Average – Here’s Why

Pimco Corporate & Income Opportunity Fund (NYSE:PTY) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $12.57 and traded as low as $11.80. Pimco Corporate & Income Opportunity Fund shares last traded at $11.8250, with a volume of 1,008,466 shares.

Pimco Corporate & Income Opportunity Fund Price Performance

The stock’s fifty day simple moving average is $12.04 and its 200-day simple moving average is $12.57.

Pimco Corporate & Income Opportunity Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, July 1st. Investors of record on Thursday, June 11th will be paid a $0.1188 dividend. This represents a c) annualized dividend and a yield of 12.1%. The ex-dividend date of this dividend is Thursday, June 11th.

Institutional Trading of Pimco Corporate & Income Opportunity Fund

Institutional investors have recently bought and sold shares of the company. Modern Wealth Management LLC increased its position in shares of Pimco Corporate & Income Opportunity Fund by 6.0% in the second quarter. Modern Wealth Management LLC now owns 13,826 shares of the investment management company’s stock valued at $192,000 after buying an additional 784 shares in the last quarter. Golden State Equity Partners boosted its position in shares of Pimco Corporate & Income Opportunity Fund by 0.5% in the 4th quarter. Golden State Equity Partners now owns 175,846 shares of the investment management company’s stock worth $2,268,000 after buying an additional 828 shares in the last quarter. Beacon Financial Advisory LLC grew its stake in Pimco Corporate & Income Opportunity Fund by 6.8% in the 1st quarter. Beacon Financial Advisory LLC now owns 14,421 shares of the investment management company’s stock valued at $174,000 after acquiring an additional 918 shares during the last quarter. Insigneo Advisory Services LLC grew its stake in Pimco Corporate & Income Opportunity Fund by 7.7% in the 4th quarter. Insigneo Advisory Services LLC now owns 13,502 shares of the investment management company’s stock valued at $174,000 after acquiring an additional 970 shares during the last quarter. Finally, Lido Advisors LLC increased its holdings in Pimco Corporate & Income Opportunity Fund by 4.1% during the 4th quarter. Lido Advisors LLC now owns 30,626 shares of the investment management company’s stock valued at $397,000 after acquiring an additional 1,205 shares in the last quarter. 10.25% of the stock is currently owned by hedge funds and other institutional investors.

About Pimco Corporate & Income Opportunity Fund

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.