UMB Bank n.a. bought a new position in shares of PIMCO Municipal Income Fund III (NYSE:PMX – Free Report) during the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 3,715 shares of the investment management company’s stock, valued at approximately $27,000.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Robinson Capital Management LLC acquired a new stake in PIMCO Municipal Income Fund III during the 1st quarter worth $74,000. Cerity Partners LLC acquired a new position in shares of PIMCO Municipal Income Fund III during the 1st quarter valued at about $83,000. Private Advisor Group LLC acquired a new position in shares of PIMCO Municipal Income Fund III during the 1st quarter valued at about $111,000. Centurion Wealth Management LLC acquired a new position in shares of PIMCO Municipal Income Fund III during the 3rd quarter valued at about $82,000. Finally, Spire Wealth Management boosted its position in shares of PIMCO Municipal Income Fund III by 4,423.1% during the 3rd quarter. Spire Wealth Management now owns 12,936 shares of the investment management company’s stock valued at $84,000 after acquiring an additional 12,650 shares during the last quarter.
PIMCO Municipal Income Fund III Price Performance
Shares of PMX stock opened at $7.36 on Monday. PIMCO Municipal Income Fund III has a twelve month low of $6.09 and a twelve month high of $8.47. The company’s 50-day moving average price is $7.51 and its 200-day moving average price is $7.18.
PIMCO Municipal Income Fund III Dividend Announcement
The business also recently disclosed a monthly dividend, which will be paid on Wednesday, May 1st. Investors of record on Thursday, April 11th will be issued a $0.033 dividend. The ex-dividend date is Wednesday, April 10th. This represents a $0.40 annualized dividend and a yield of 5.38%.
PIMCO Municipal Income Fund III Profile
PIMCO Municipal Income Fund III is a closed-ended fixed income mutual fund launched and managed by Pacific Investment Management Company LLC. The fund invests in fixed income markets of the United States. It seeks to invest in stocks of companies operating across diversified sectors. The fund primarily invests in in municipal bonds that pay interest that is exempt from federal income tax.
Featured Articles
Want to see what other hedge funds are holding PMX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PIMCO Municipal Income Fund III (NYSE:PMX – Free Report).
Receive News & Ratings for PIMCO Municipal Income Fund III Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for PIMCO Municipal Income Fund III and related companies with MarketBeat.com’s FREE daily email newsletter.
