PIMCO Corporate & Income Opportunity Fund (NYSE:PTY) Reaches New 52-Week High at $15.00

PIMCO Corporate & Income Opportunity Fund (NYSE:PTY) shares reached a new 52-week high during trading on Tuesday . The company traded as high as $15.00 and last traded at $14.85, with a volume of 738324 shares trading hands. The stock had previously closed at $14.75.

PIMCO Corporate & Income Opportunity Fund Stock Performance

The company has a 50 day moving average of $14.19 and a 200 day moving average of $13.61.

PIMCO Corporate & Income Opportunity Fund Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, April 1st. Stockholders of record on Monday, March 11th will be issued a dividend of $0.1188 per share. This represents a $1.43 annualized dividend and a dividend yield of 9.58%. The ex-dividend date is Friday, March 8th.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Raymond James & Associates boosted its position in shares of PIMCO Corporate & Income Opportunity Fund by 19.5% during the first quarter. Raymond James & Associates now owns 79,893 shares of the investment management company’s stock worth $1,226,000 after buying an additional 13,028 shares during the period. PNC Financial Services Group Inc. boosted its position in PIMCO Corporate & Income Opportunity Fund by 227.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 43,247 shares of the investment management company’s stock worth $665,000 after acquiring an additional 30,045 shares during the last quarter. Cetera Investment Advisers grew its stake in shares of PIMCO Corporate & Income Opportunity Fund by 11.6% during the 1st quarter. Cetera Investment Advisers now owns 158,089 shares of the investment management company’s stock worth $2,427,000 after acquiring an additional 16,432 shares in the last quarter. Merit Financial Group LLC acquired a new stake in shares of PIMCO Corporate & Income Opportunity Fund in the first quarter valued at approximately $507,000. Finally, NewEdge Advisors LLC lifted its position in shares of PIMCO Corporate & Income Opportunity Fund by 2.0% in the first quarter. NewEdge Advisors LLC now owns 44,450 shares of the investment management company’s stock worth $683,000 after purchasing an additional 889 shares in the last quarter. Institutional investors 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.