Insider Buying: William H. Gross Acquires 25,423 Shares of PIMCO Corporate&Income Opportunity Fund Stock (PTY)
PIMCO Corporate&Income Opportunity Fund (NYSE:PTY) Insider William H. Gross bought 25,423 shares of the company’s stock on the open market in a transaction that occurred on Thursday, August 14th. The stock was purchased at an average cost of $18.37 per share, for a total transaction of $467,020.51. Following the purchase, the insider now directly owns 947,739 shares of the company’s stock, valued at approximately $17,409,965. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.
PIMCO Corporate&Income Opportunity Fund (NYSE:PTY) traded up 0.27% on Friday, hitting $18.44. The stock had a trading volume of 113,721 shares. PIMCO Corporate&Income Opportunity Fund has a 52 week low of $16.62 and a 52 week high of $19.38. The stock has a 50-day moving average of $18.45 and a 200-day moving average of $18.46.
The company also recently announced a monthly dividend, which is scheduled for Tuesday, September 2nd. Shareholders of record on Monday, August 11th will be paid a dividend of $0.13 per share. This represents a $1.56 annualized dividend and a dividend yield of 8.46%. The ex-dividend date is Thursday, August 7th.
PIMCO Corporate & Income Opportunity Fund (NYSE:PTY), formerly PIMCO Corporate Opportunity Fund, is a closed-end exchange traded investment company.
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