PIMCO Municipal Income Fund III (NYSE:PMX) Shares Bought by Raymond James & Associates

Raymond James & Associates lifted its stake in PIMCO Municipal Income Fund III (NYSE:PMX) by 36.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 46,760 shares of the investment management company’s stock after acquiring an additional 12,462 shares during the period. Raymond James & Associates’ holdings in PIMCO Municipal Income Fund III were worth $346,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Centurion Wealth Management LLC acquired a new stake in PIMCO Municipal Income Fund III during the third quarter valued at approximately $82,000. Spire Wealth Management lifted its stake in PIMCO Municipal Income Fund III by 4,423.1% during the third quarter. Spire Wealth Management now owns 12,936 shares of the investment management company’s stock valued at $84,000 after purchasing an additional 12,650 shares during the last quarter. Moody National Bank Trust Division acquired a new stake in PIMCO Municipal Income Fund III during the fourth quarter valued at approximately $119,000. Karpus Management Inc. acquired a new stake in PIMCO Municipal Income Fund III during the third quarter valued at approximately $123,000. Finally, Hennion & Walsh Asset Management Inc. acquired a new stake in PIMCO Municipal Income Fund III during the third quarter valued at approximately $154,000.

PIMCO Municipal Income Fund III Stock Performance

Shares of NYSE:PMX opened at $7.52 on Monday. PIMCO Municipal Income Fund III has a 52 week low of $6.09 and a 52 week high of $8.22. The firm has a 50 day simple moving average of $7.48 and a 200 day simple moving average of $7.27.

PIMCO Municipal Income Fund III Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, May 1st. Investors of record on Thursday, April 11th will be given a $0.033 dividend. The ex-dividend date of this dividend is Wednesday, April 10th. This represents a $0.40 annualized dividend and a dividend yield of 5.27%.

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.