HighTower Advisors LLC Boosts Holdings in PIMCO Municipal Income Fund III (NYSE:PMX)

HighTower Advisors LLC increased its position in shares of PIMCO Municipal Income Fund III (NYSE:PMX) by 35.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 32,756 shares of the investment management company’s stock after buying an additional 8,500 shares during the period. HighTower Advisors LLC’s holdings in PIMCO Municipal Income Fund III were worth $241,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Raymond James Financial Inc. acquired a new stake in PIMCO Municipal Income Fund III during the 4th quarter worth $1,287,000. Hennion & Walsh Asset Management Inc. raised its position in PIMCO Municipal Income Fund III by 7.5% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 864,517 shares of the investment management company’s stock worth $6,363,000 after acquiring an additional 60,052 shares in the last quarter. Jane Street Group LLC acquired a new position in PIMCO Municipal Income Fund III during the third quarter worth about $361,000. Oregon Pacific Wealth Management LLC purchased a new stake in PIMCO Municipal Income Fund III during the fourth quarter worth $132,000. Finally, Noble Wealth Management PBC purchased a new stake in shares of PIMCO Municipal Income Fund III in the fourth quarter valued at about $103,000.

PIMCO Municipal Income Fund III Price Performance

PMX opened at $7.21 on Thursday. The business’s fifty day simple moving average is $7.34 and its 200 day simple moving average is $7.63. PIMCO Municipal Income Fund III has a 52 week low of $7.07 and a 52 week high of $8.52.

PIMCO Municipal Income Fund III Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Tuesday, April 1st. Investors of record on Thursday, March 13th were given a dividend of $0.033 per share. The ex-dividend date was Thursday, March 13th. This represents a $0.40 annualized dividend and a yield of 5.49%.

PIMCO Municipal Income Fund III Company 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.