Pimco Corporate & Income Opportunity Fund (NYSE:PTY) Stock Passes Below Two Hundred Day Moving Average – Here’s What Happened

Pimco Corporate & Income Opportunity Fund (NYSE:PTY) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $12.24 and traded as low as $11.72. Pimco Corporate & Income Opportunity Fund shares last traded at $11.7650, with a volume of 1,846,935 shares changing hands.

Pimco Corporate & Income Opportunity Fund Price Performance

The firm has a 50-day moving average of $11.85 and a two-hundred day moving average of $12.23.

Pimco Corporate & Income Opportunity Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Thursday, August 13th will be paid a $0.1188 dividend. This represents a c) annualized dividend and a dividend yield of 12.1%. The ex-dividend date of this dividend is Thursday, August 13th.

Institutional Trading of Pimco Corporate & Income Opportunity Fund

A number of hedge funds and other institutional investors have recently modified their holdings of PTY. World Investment Advisors purchased a new position in Pimco Corporate & Income Opportunity Fund during the fourth quarter worth about $410,000. Independent Advisor Alliance raised its stake in shares of Pimco Corporate & Income Opportunity Fund by 33.2% in the 4th quarter. Independent Advisor Alliance now owns 14,129 shares of the investment management company’s stock valued at $182,000 after acquiring an additional 3,521 shares during the period. Evergreen Wealth Management LLC lifted its holdings in shares of Pimco Corporate & Income Opportunity Fund by 4.6% in the 4th quarter. Evergreen Wealth Management LLC now owns 352,230 shares of the investment management company’s stock worth $4,544,000 after acquiring an additional 15,378 shares during the last quarter. Truist Financial Corp lifted its holdings in shares of Pimco Corporate & Income Opportunity Fund by 7.7% in the 4th quarter. Truist Financial Corp now owns 449,144 shares of the investment management company’s stock worth $5,794,000 after acquiring an additional 32,055 shares during the last quarter. Finally, CWM LLC boosted its position in shares of Pimco Corporate & Income Opportunity Fund by 76.3% during the 4th quarter. CWM LLC now owns 6,355 shares of the investment management company’s stock worth $82,000 after purchasing an additional 2,751 shares during the period. 10.25% of the stock is owned by institutional investors and hedge funds.

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.