PIMCO Corporate&Income Opportunity Fund (NYSE:PTY) Share Price Passes Below Two Hundred Day Moving Average of $0.00

Shares of PIMCO Corporate&Income Opportunity Fund (NYSE:PTY) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.00 and traded as low as $18.65. PIMCO Corporate&Income Opportunity Fund shares last traded at $18.69, with a volume of 482 shares.

The business has a fifty day simple moving average of $18.54.

The company also recently disclosed a monthly dividend, which was paid on Thursday, August 1st. Shareholders of record on Friday, July 12th were issued a $0.13 dividend. The ex-dividend date was Thursday, July 11th. This represents a $1.56 dividend on an annualized basis and a yield of 8.33%.

Hedge funds have recently modified their holdings of the business. AdvisorNet Financial Inc lifted its holdings in PIMCO Corporate&Income Opportunity Fund by 191.8% in the 2nd quarter. AdvisorNet Financial Inc now owns 1,532 shares of the investment management company’s stock worth $28,000 after buying an additional 1,007 shares in the last quarter. Alpine Global Management LLC acquired a new position in PIMCO Corporate&Income Opportunity Fund in the 2nd quarter worth $234,000. Nwam LLC lifted its holdings in PIMCO Corporate&Income Opportunity Fund by 5.0% in the 2nd quarter. Nwam LLC now owns 21,050 shares of the investment management company’s stock worth $382,000 after buying an additional 1,000 shares in the last quarter. Capital Wealth Planning LLC acquired a new position in PIMCO Corporate&Income Opportunity Fund in the 2nd quarter worth $400,000. Finally, Janney Montgomery Scott LLC lifted its holdings in PIMCO Corporate&Income Opportunity Fund by 3.7% in the 2nd quarter. Janney Montgomery Scott LLC now owns 25,156 shares of the investment management company’s stock worth $456,000 after buying an additional 907 shares in the last quarter. Hedge funds and other institutional investors own 7.73% of the company’s stock.

About PIMCO Corporate&Income Opportunity Fund (NYSE:PTY)

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.

See Also: How is the Producer Price Index calculated?

Receive News & Ratings for PIMCO Corporate&Income Opportunity Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PIMCO Corporate&Income Opportunity Fund and related companies with MarketBeat.com's FREE daily email newsletter.