Insider Buying: William H. Gross Buys 7,600 Shares of Pimco CA Municipal Income Fund Stock (PCQ)
Pimco CA Municipal Income Fund (NYSE:PCQ) Insider William H. Gross purchased 7,600 shares of the company’s stock on the open market in a transaction dated Monday, June 9th. The stock was purchased at an average price of $14.47 per share, with a total value of $109,972.00. Following the purchase, the insider now directly owns 442,981 shares in the company, valued at approximately $6,409,935. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link.
Pimco CA Municipal Income Fund (NYSE:PCQ) traded down 0.44% on Tuesday, hitting $14.40. The stock had a trading volume of 105,338 shares. Pimco CA Municipal Income Fund has a 1-year low of $12.33 and a 1-year high of $14.84. The stock has a 50-day moving average of $14.48 and a 200-day moving average of $13.81.
The company also recently announced a monthly dividend, which is scheduled for Tuesday, July 1st. Shareholders of record on Thursday, June 12th will be paid a dividend of $0.077 per share. This represents a $0.92 annualized dividend and a dividend yield of 6.42%. The ex-dividend date is Tuesday, June 10th.
PIMCO California Municipal Income Fund (NYSE:PCQ) is a non-diversified, closed-end management investment company.
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