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

Pimco Corporate & Income Opportunity Fund (NYSE:PTY) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $13.59 and traded as low as $13.02. Pimco Corporate & Income Opportunity Fund shares last traded at $13.0350, with a volume of 1,284,364 shares.

Pimco Corporate & Income Opportunity Fund Price Performance

The stock’s fifty day simple moving average is $13.01 and its 200-day simple moving average is $13.58.

Pimco Corporate & Income Opportunity Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 2nd. Investors of record on Thursday, February 12th will be issued a dividend of $0.1188 per share. The ex-dividend date of this dividend is Thursday, February 12th. This represents a c) annualized dividend and a yield of 10.9%.

Institutional Trading of Pimco Corporate & Income Opportunity Fund

Large investors have recently bought and sold shares of the company. Merrithew & Thorsten Inc acquired a new position in Pimco Corporate & Income Opportunity Fund during the fourth quarter worth about $19,710,000. Rivernorth Capital Management LLC purchased a new position in shares of Pimco Corporate & Income Opportunity Fund during the 4th quarter worth approximately $16,026,000. Invesco Ltd. purchased a new position in shares of Pimco Corporate & Income Opportunity Fund during the 2nd quarter worth approximately $16,400,000. Wells Fargo & Company MN lifted its stake in Pimco Corporate & Income Opportunity Fund by 209.6% in the 4th quarter. Wells Fargo & Company MN now owns 627,242 shares of the investment management company’s stock valued at $8,091,000 after buying an additional 424,649 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in Pimco Corporate & Income Opportunity Fund by 19.6% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 2,349,452 shares of the investment management company’s stock valued at $33,926,000 after buying an additional 385,602 shares in the last quarter. Institutional investors and hedge funds own 10.25% of the company’s stock.

Pimco Corporate & Income Opportunity Fund Company Profile

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.