Insider Buying: Pimco Municipal Income Fund Insider Acquires 7,727 Shares of Stock (PMF)
Pimco Municipal Income Fund (NYSE:PMF) Insider William H. Gross bought 7,727 shares of the company’s stock on the open market in a transaction dated Friday, June 13th. The shares were purchased at an average price of $14.25 per share, with a total value of $110,109.75. Following the completion of the purchase, the insider now directly owns 404,613 shares of the company’s stock, valued at approximately $5,765,735. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Pimco Municipal Income Fund (NYSE:PMF) traded down 0.49% during mid-day trading on Monday, hitting $14.21. 78,091 shares of the company’s stock traded hands. Pimco Municipal Income Fund has a one year low of $11.68 and a one year high of $14.50. The stock’s 50-day moving average is $14.09 and its 200-day moving average is $13.3.
The company also recently announced a monthly dividend, which is scheduled for Tuesday, July 1st. Stockholders of record on Thursday, June 12th will be paid a dividend of $0.0813 per share. This represents a $0.98 annualized dividend and a dividend yield of 6.86%. The ex-dividend date is Tuesday, June 10th.
PIMCO Municipal Income Fund (NYSE:PMF) is non-diversified, closed-end management investment company.
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