Raymond James Financial Inc. Takes Position in PIMCO Municipal Income Fund III (NYSE:PMX)

Raymond James Financial Inc. bought a new stake in PIMCO Municipal Income Fund III (NYSE:PMX) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 174,846 shares of the investment management company’s stock, valued at approximately $1,287,000.

Several other institutional investors also recently bought and sold shares of PMX. Noble Wealth Management PBC purchased a new position in shares of PIMCO Municipal Income Fund III during the fourth quarter worth $103,000. Wakefield Asset Management LLLP raised its holdings in shares of PIMCO Municipal Income Fund III by 4.1% during the fourth quarter. Wakefield Asset Management LLLP now owns 113,528 shares of the investment management company’s stock valued at $836,000 after acquiring an additional 4,442 shares during the last quarter. Wolverine Asset Management LLC purchased a new position in shares of PIMCO Municipal Income Fund III in the fourth quarter valued at approximately $67,000. Beta Wealth Group Inc. boosted its stake in shares of PIMCO Municipal Income Fund III by 4.0% in the fourth quarter. Beta Wealth Group Inc. now owns 116,257 shares of the investment management company’s stock worth $856,000 after acquiring an additional 4,493 shares during the last quarter. Finally, Ellis Investment Partners LLC increased its position in shares of PIMCO Municipal Income Fund III by 29.5% during the fourth quarter. Ellis Investment Partners LLC now owns 12,954 shares of the investment management company’s stock worth $95,000 after purchasing an additional 2,954 shares in the last quarter.

PIMCO Municipal Income Fund III Price Performance

NYSE PMX opened at $7.21 on Thursday. The business has a fifty day moving average price of $7.34 and a 200 day moving average price of $7.63. PIMCO Municipal Income Fund III has a one year low of $7.07 and a one year 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. Stockholders of record on Thursday, March 13th were given a $0.033 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 5.49%. The ex-dividend date was Thursday, March 13th.

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.