Pimco Corporate & Income Opportunity Fund (NYSE:PTY) Share Price Crosses Below 200 Day Moving Average – Time to Sell?

Shares of 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 $13.84 and traded as low as $12.87. Pimco Corporate & Income Opportunity Fund shares last traded at $12.8950, with a volume of 1,244,655 shares.

Pimco Corporate & Income Opportunity Fund Trading Up 0.1%

The firm has a fifty day moving average of $13.50 and a 200-day moving average of $13.84.

Pimco Corporate & Income Opportunity Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, January 2nd. Investors of record on Thursday, December 11th will be paid a $0.1188 dividend. This represents a c) dividend on an annualized basis and a yield of 11.1%. The ex-dividend date of this dividend is Thursday, December 11th.

Institutional Trading of Pimco Corporate & Income Opportunity Fund

Several institutional investors and hedge funds have recently modified their holdings of the business. Farther Finance Advisors LLC increased its stake in shares of Pimco Corporate & Income Opportunity Fund by 9.5% during the 3rd 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 in the last quarter. Rockefeller Capital Management L.P. grew its holdings in 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 valued at $483,000 after buying an additional 761 shares during the last quarter. Modern Wealth Management LLC increased its position in Pimco Corporate & Income Opportunity Fund by 6.0% during the second 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 in the last quarter. Beacon Financial Advisory LLC raised its holdings in shares of 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 worth $169,000 after acquiring an additional 929 shares during the last quarter. Finally, AE Wealth Management LLC lifted its position in shares of Pimco Corporate & Income Opportunity Fund by 6.1% in the third quarter. AE Wealth Management LLC now owns 18,399 shares of the investment management company’s stock valued at $266,000 after acquiring an additional 1,065 shares in the last quarter. Hedge funds and other 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.