Pimco Dynamic Income Opportunities Fund (NYSE:PDO) Trading Up 0.2% – Should You Buy?

Pimco Dynamic Income Opportunities Fund (NYSE:PDO) shares were up 0.2% during mid-day trading on Tuesday . The stock traded as high as $13.15 and last traded at $13.15. Approximately 576,730 shares were traded during trading, an increase of 14% from the average daily volume of 503,964 shares. The stock had previously closed at $13.13.

Pimco Dynamic Income Opportunities Fund Trading Up 0.2 %

The firm’s 50 day simple moving average is $13.59 and its 200-day simple moving average is $13.57.

Pimco Dynamic Income Opportunities Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, January 2nd. Investors of record on Thursday, December 12th will be given a dividend of $0.1279 per share. The ex-dividend date is Thursday, December 12th. This represents a $1.53 dividend on an annualized basis and a yield of 11.67%. Pimco Dynamic Income Opportunities Fund’s payout ratio is presently -7,650.00%.

Institutional Investors Weigh In On Pimco Dynamic Income Opportunities Fund

A number of large investors have recently made changes to their positions in PDO. SOL Capital Management CO lifted its position in Pimco Dynamic Income Opportunities Fund by 6.5% during the third quarter. SOL Capital Management CO now owns 1,245,645 shares of the company’s stock worth $17,589,000 after buying an additional 76,420 shares in the last quarter. JTC Employer Solutions Trustee Ltd purchased a new position in shares of Pimco Dynamic Income Opportunities Fund during the 3rd quarter worth $261,000. Sanctuary Advisors LLC acquired a new position in shares of Pimco Dynamic Income Opportunities Fund during the 2nd quarter valued at about $893,000. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Pimco Dynamic Income Opportunities Fund by 20.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 15,589 shares of the company’s stock valued at $207,000 after purchasing an additional 2,600 shares during the period. Finally, B. Riley Wealth Advisors Inc. increased its position in Pimco Dynamic Income Opportunities Fund by 121.3% during the second quarter. B. Riley Wealth Advisors Inc. now owns 24,286 shares of the company’s stock worth $325,000 after purchasing an additional 13,313 shares during the last quarter. 9.43% of the stock is currently owned by hedge funds and other institutional investors.