PIMCO Corporate & Income Opportunity Fund (NYSE:PTY) Stock Passes Above Fifty Day Moving Average – Should You Sell?

Shares of PIMCO Corporate & Income Opportunity Fund (NYSE:PTY) crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $14.39 and traded as high as $14.60. PIMCO Corporate & Income Opportunity Fund shares last traded at $14.60, with a volume of 579,009 shares traded.

PIMCO Corporate & Income Opportunity Fund Trading Up 0.1 %

The stock’s 50-day simple moving average is $14.39 and its 200-day simple moving average is $14.31.

PIMCO Corporate & Income Opportunity Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, December 2nd. Investors of record on Tuesday, November 12th will be paid a $0.1188 dividend. This represents a $1.43 annualized dividend and a yield of 9.76%. The ex-dividend date of this dividend is Tuesday, November 12th.

Hedge Funds Weigh In On PIMCO Corporate & Income Opportunity Fund

Hedge funds have recently modified their holdings of the business. Janney Montgomery Scott LLC lifted its stake in shares of PIMCO Corporate & Income Opportunity Fund by 5.4% in the 1st quarter. Janney Montgomery Scott LLC now owns 41,855 shares of the investment management company’s stock valued at $622,000 after purchasing an additional 2,150 shares during the period. Osaic Holdings Inc. increased its holdings in PIMCO Corporate & Income Opportunity Fund by 18.7% in the first quarter. Osaic Holdings Inc. now owns 704,031 shares of the investment management company’s stock worth $10,470,000 after purchasing an additional 110,724 shares in the last quarter. Sheaff Brock Investment Advisors LLC lifted its stake in PIMCO Corporate & Income Opportunity Fund by 92.3% in the first quarter. Sheaff Brock Investment Advisors LLC now owns 60,611 shares of the investment management company’s stock valued at $901,000 after buying an additional 29,085 shares during the period. XML Financial LLC boosted its holdings in shares of PIMCO Corporate & Income Opportunity Fund by 7.3% during the 1st quarter. XML Financial LLC now owns 1,183,918 shares of the investment management company’s stock worth $17,605,000 after buying an additional 80,299 shares in the last quarter. Finally, Strategic Wealth Partners Ltd. grew its position in shares of PIMCO Corporate & Income Opportunity Fund by 11.4% during the 1st quarter. Strategic Wealth Partners Ltd. now owns 216,353 shares of the investment management company’s stock worth $3,217,000 after buying an additional 22,205 shares during the period. Institutional investors and hedge funds own 10.25% of the company’s stock.

PIMCO Corporate & Income Opportunity Fund Company Profile

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.