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

Pimco Corporate & Income Opportunity Fund (NYSE:PTY)’s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $13.68 and traded as low as $13.06. Pimco Corporate & Income Opportunity Fund shares last traded at $13.0750, with a volume of 766,432 shares trading hands.

Pimco Corporate & Income Opportunity Fund Stock Down 0.0%

The stock’s 50 day moving average is $13.06 and its two-hundred day moving average is $13.68.

Pimco Corporate & Income Opportunity Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, February 2nd. Stockholders of record on Tuesday, January 13th will be given a $0.1188 dividend. This represents a c) annualized dividend and a dividend yield of 10.9%. The ex-dividend date of this dividend is Tuesday, January 13th.

Hedge Funds Weigh In On Pimco Corporate & Income Opportunity Fund

A number of large investors have recently bought and sold shares of PTY. Northwestern Mutual Wealth Management Co. lifted its holdings in Pimco Corporate & Income Opportunity Fund by 19.6% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 2,349,452 shares of the investment management company’s stock worth $33,926,000 after buying an additional 385,602 shares during the period. XML Financial LLC lifted its stake in shares of Pimco Corporate & Income Opportunity Fund by 2.0% during the 3rd quarter. XML Financial LLC now owns 1,543,341 shares of the investment management company’s stock worth $22,286,000 after purchasing an additional 30,977 shares during the last quarter. Cetera Investment Advisers lifted its stake in shares of Pimco Corporate & Income Opportunity Fund by 1.8% during the 2nd quarter. Cetera Investment Advisers now owns 1,466,153 shares of the investment management company’s stock worth $20,394,000 after purchasing an additional 26,532 shares during the last quarter. Invesco Ltd. grew its stake in Pimco Corporate & Income Opportunity Fund by 5.2% in the third quarter. Invesco Ltd. now owns 1,240,732 shares of the investment management company’s stock valued at $17,916,000 after purchasing an additional 61,726 shares during the last quarter. Finally, Raymond James Financial Inc. grew its stake in Pimco Corporate & Income Opportunity Fund by 8.5% in the third quarter. Raymond James Financial Inc. now owns 787,869 shares of the investment management company’s stock valued at $11,377,000 after purchasing an additional 61,477 shares during the last quarter. Institutional investors own 10.25% of the company’s stock.

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.