Insider Buying: William H. Gross Purchases 8,200 Shares of Pimco Municipal Income Fund II Stock (PML)
Pimco Municipal Income Fund II (NYSE:PML) Insider William H. Gross acquired 8,200 shares of the stock on the open market in a transaction dated Monday, June 9th. The shares were purchased at an average cost of $12.12 per share, with a total value of $99,384.00. Following the transaction, the insider now directly owns 347,002 shares in the company, valued at approximately $4,205,664. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of Pimco Municipal Income Fund II (NYSE:PML) traded up 0.01% on Tuesday, hitting $12.066. The stock had a trading volume of 67,668 shares. Pimco Municipal Income Fund II has a 52-week low of $10.24 and a 52-week high of $12.30. The stock’s 50-day moving average is $11.9 and its 200-day moving average is $11.42.
The company also recently declared a monthly dividend, which is scheduled for Tuesday, July 1st. Shareholders of record on Thursday, June 12th will be given a dividend of $0.065 per share. This represents a $0.78 dividend on an annualized basis and a yield of 6.46%. The ex-dividend date of this dividend is Tuesday, June 10th.
PIMCO Municipal Income Fund II (NYSE:PML) is a non-diversified, closed-end management investment company.
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