Wakefield Asset Management LLLP Raises Holdings in PIMCO Municipal Income Fund III (NYSE:PMX)

Wakefield Asset Management LLLP lifted its position in shares of PIMCO Municipal Income Fund III (NYSE:PMX) by 4.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 113,528 shares of the investment management company’s stock after buying an additional 4,442 shares during the quarter. Wakefield Asset Management LLLP’s holdings in PIMCO Municipal Income Fund III were worth $836,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Integrated Capital Management Inc. grew its holdings in PIMCO Municipal Income Fund III by 7.8% during the 4th quarter. Integrated Capital Management Inc. now owns 25,387 shares of the investment management company’s stock worth $187,000 after acquiring an additional 1,841 shares in the last quarter. Ellis Investment Partners LLC lifted its position in shares of PIMCO Municipal Income Fund III by 29.5% in the 4th 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 during the period. Beta Wealth Group Inc. boosted its stake in shares of PIMCO Municipal Income Fund III by 4.0% during the fourth quarter. Beta Wealth Group Inc. now owns 116,257 shares of the investment management company’s stock valued at $856,000 after purchasing an additional 4,493 shares in the last quarter. Park Avenue Securities LLC increased its holdings in PIMCO Municipal Income Fund III by 6.3% during the fourth quarter. Park Avenue Securities LLC now owns 126,068 shares of the investment management company’s stock valued at $928,000 after buying an additional 7,490 shares during the period. Finally, Wolverine Asset Management LLC bought a new position in PIMCO Municipal Income Fund III in the fourth quarter worth approximately $67,000.

PIMCO Municipal Income Fund III Stock Down 0.3 %

Shares of NYSE PMX opened at $7.48 on Friday. PIMCO Municipal Income Fund III has a 12-month low of $7.09 and a 12-month high of $8.52. The stock’s fifty day simple moving average is $7.35 and its two-hundred day simple moving average is $7.76.

PIMCO Municipal Income Fund III Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 3rd. Investors of record on Thursday, February 13th will be given a dividend of $0.033 per share. This represents a $0.40 dividend on an annualized basis and a yield of 5.29%. The ex-dividend date is Thursday, February 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.