Insider Buying: William H. Gross Purchases 31,049 Shares of Pimco Municipal Income Fund II Stock (PML)
Pimco Municipal Income Fund II (NYSE:PML) Insider William H. Gross purchased 31,049 shares of the company’s stock in a transaction that occurred on Friday, August 8th. The stock was purchased at an average cost of $11.75 per share, for a total transaction of $364,825.75. Following the completion of the acquisition, the insider now directly owns 430,190 shares of the company’s stock, valued at approximately $5,054,733. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Pimco Municipal Income Fund II (NYSE:PML) traded down 0.09% on Monday, hitting $11.72. 68,890 shares of the company’s stock traded hands. Pimco Municipal Income Fund II has a 1-year low of $10.24 and a 1-year high of $12.30. The stock’s 50-day moving average is $11. and its 200-day moving average is $11.75.
The company also recently declared a monthly dividend, which is scheduled for Tuesday, September 2nd. Investors of record on Monday, August 11th will be given a dividend of $0.065 per share. This represents a $0.78 dividend on an annualized basis and a yield of 6.65%. The ex-dividend date of this dividend is Thursday, August 7th.
PIMCO Municipal Income Fund II (NYSE:PML) is a non-diversified, closed-end management investment company.
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