PIMCO Corporate&Income Opportunity Fund (NYSE:PTY) Reaches New 52-Week High at $18.93

PIMCO Corporate&Income Opportunity Fund (NYSE:PTY) hit a new 52-week high during trading on Tuesday . The stock traded as high as $18.93 and last traded at $18.87, with a volume of 121503 shares traded. The stock had previously closed at $18.85.

The firm also recently declared a monthly dividend, which will be paid on Monday, July 1st. Shareholders of record on Thursday, June 13th will be issued a $0.13 dividend. The ex-dividend date of this dividend is Wednesday, June 12th. This represents a $1.56 annualized dividend and a yield of 8.36%.

A number of institutional investors and hedge funds have recently modified their holdings of PTY. Janney Montgomery Scott LLC raised its holdings in PIMCO Corporate&Income Opportunity Fund by 6.6% in the 4th quarter. Janney Montgomery Scott LLC now owns 19,350 shares of the investment management company’s stock valued at $297,000 after acquiring an additional 1,200 shares during the last quarter. M&T Bank Corp acquired a new position in PIMCO Corporate&Income Opportunity Fund in the 4th quarter valued at $256,000. Cambridge Investment Research Advisors Inc. raised its holdings in PIMCO Corporate&Income Opportunity Fund by 17.6% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 49,263 shares of the investment management company’s stock valued at $756,000 after acquiring an additional 7,358 shares during the last quarter. Shulman DeMeo Asset Management LLC acquired a new position in PIMCO Corporate&Income Opportunity Fund in the 4th quarter valued at $182,000. Finally, FDx Advisors Inc. acquired a new position in PIMCO Corporate&Income Opportunity Fund in the 4th quarter valued at $211,000. Institutional investors own 7.95% of the company’s stock.



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PIMCO Corporate&Income Opportunity Fund Company Profile (NYSE:PTY)

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.

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