PIMCO Income Opportunity Fund (NYSE:PKO)’s share price shot up 2.1% during mid-day trading on Wednesday . The stock traded as high as $28.51 and last traded at $28.48, 164,300 shares traded hands during mid-day trading. An increase of 137% from the average session volume of 69,420 shares. The stock had previously closed at $27.90.
The company’s 50-day simple moving average is $28.24 and its 200-day simple moving average is $27.35.
The company also recently disclosed a monthly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Thursday, February 13th will be given a dividend of $0.19 per share. This represents a $2.28 annualized dividend and a yield of 8.01%. The ex-dividend date of this dividend is Wednesday, February 12th.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Commonwealth Equity Services LLC grew its position in PIMCO Income Opportunity Fund by 5.0% during the 3rd quarter. Commonwealth Equity Services LLC now owns 121,253 shares of the financial services provider’s stock worth $3,227,000 after purchasing an additional 5,777 shares in the last quarter. Sigma Planning Corp grew its position in PIMCO Income Opportunity Fund by 7.2% during the 4th quarter. Sigma Planning Corp now owns 97,128 shares of the financial services provider’s stock worth $2,699,000 after purchasing an additional 6,484 shares in the last quarter. Elevated Capital Advisors LLC purchased a new position in PIMCO Income Opportunity Fund during the 4th quarter worth approximately $1,664,000. Stifel Financial Corp purchased a new position in PIMCO Income Opportunity Fund during the 4th quarter worth approximately $1,289,000. Finally, Guggenheim Capital LLC grew its position in PIMCO Income Opportunity Fund by 35.2% during the 4th quarter. Guggenheim Capital LLC now owns 35,088 shares of the financial services provider’s stock worth $975,000 after purchasing an additional 9,136 shares in the last quarter.
PIMCO Income Opportunity Fund Company Profile (NYSE:PKO)
PIMCO Income Opportunity Fund is a closed-ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. The fund is co-managed by Pacific Investment Management Company LLC. It invests in the fixed income markets across the globe. The fund invests in corporate debt, government and sovereign debt, mortgage backed and other asset-backed securities, bank loans and related instruments, convertible securities and other income-producing securities, with an average duration of 2 to 8 years.
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