Jane Street Group LLC Buys Shares of 43,739 PIMCO Municipal Income Fund III (NYSE:PMX)

Jane Street Group LLC bought a new stake in PIMCO Municipal Income Fund III (NYSE:PMX) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 43,739 shares of the investment management company’s stock, valued at approximately $361,000.

Several other hedge funds have also recently made changes to their positions in the company. Hennion & Walsh Asset Management Inc. raised its stake in shares of PIMCO Municipal Income Fund III by 67.3% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 804,465 shares of the investment management company’s stock valued at $6,645,000 after buying an additional 323,484 shares during the period. Advisors Asset Management Inc. raised its stake in shares of PIMCO Municipal Income Fund III by 16.2% in the third quarter. Advisors Asset Management Inc. now owns 641,135 shares of the investment management company’s stock valued at $5,296,000 after buying an additional 89,512 shares during the period. Palumbo Wealth Management LLC bought a new stake in shares of PIMCO Municipal Income Fund III in the third quarter valued at $484,000. Commonwealth Equity Services LLC grew its position in shares of PIMCO Municipal Income Fund III by 17.8% in the second quarter. Commonwealth Equity Services LLC now owns 44,446 shares of the investment management company’s stock valued at $350,000 after purchasing an additional 6,704 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. grew its position in shares of PIMCO Municipal Income Fund III by 19.2% in the second quarter. B. Riley Wealth Advisors Inc. now owns 41,010 shares of the investment management company’s stock valued at $325,000 after purchasing an additional 6,600 shares in the last quarter.

PIMCO Municipal Income Fund III Trading Down 0.3 %

Shares of NYSE PMX opened at $7.30 on Thursday. PIMCO Municipal Income Fund III has a fifty-two week low of $7.02 and a fifty-two week high of $8.52. The stock has a fifty day moving average of $7.65 and a 200-day moving average of $7.86.

PIMCO Municipal Income Fund III Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Monday, January 13th will be given a $0.033 dividend. This represents a $0.40 annualized dividend and a dividend yield of 5.42%. The ex-dividend date of this dividend is Monday, January 13th.

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.