Bank of Montreal Can Sells 15,257 Shares of PIMCO Municipal Income Fund III (NYSE:PMX)

Bank of Montreal Can reduced its stake in PIMCO Municipal Income Fund III (NYSE:PMX) by 25.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 44,398 shares of the investment management company’s stock after selling 15,257 shares during the period. Bank of Montreal Can’s holdings in PIMCO Municipal Income Fund III were worth $360,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. HBC Financial Services PLLC acquired a new stake in PIMCO Municipal Income Fund III in the 1st quarter valued at about $44,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in PIMCO Municipal Income Fund III in the 1st quarter worth approximately $76,000. Arbor Trust Wealth Advisors LLC acquired a new position in PIMCO Municipal Income Fund III during the 2nd quarter worth $103,000. Virtu Financial LLC acquired a new position in PIMCO Municipal Income Fund III during the 1st quarter worth $130,000. Finally, Nomura Holdings Inc. acquired a new stake in PIMCO Municipal Income Fund III during the 4th quarter worth $178,000.

PIMCO Municipal Income Fund III Stock Up 0.1 %

Shares of PMX stock opened at $8.27 on Friday. PIMCO Municipal Income Fund III has a one year low of $6.09 and a one year high of $8.52. The stock has a 50-day moving average of $8.05 and a 200-day moving average of $7.74.

PIMCO Municipal Income Fund III Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, November 1st. Shareholders of record on Friday, October 11th will be paid a $0.033 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 4.79%. The ex-dividend date is Friday, October 11th.

About PIMCO Municipal Income Fund III

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.