Cambridge Investment Research Advisors Inc. Buys 4,225 Shares of PIMCO Municipal Income Fund III (NYSE:PMX)

Cambridge Investment Research Advisors Inc. increased its stake in PIMCO Municipal Income Fund III (NYSE:PMXGet Rating) by 41.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,468 shares of the investment management company’s stock after acquiring an additional 4,225 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in PIMCO Municipal Income Fund III were worth $112,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Private Advisor Group LLC grew its holdings in shares of PIMCO Municipal Income Fund III by 28.3% during the 3rd quarter. Private Advisor Group LLC now owns 14,075 shares of the investment management company’s stock worth $109,000 after acquiring an additional 3,108 shares during the period. ACT Advisors LLC. grew its stake in shares of PIMCO Municipal Income Fund III by 4.8% in the 3rd quarter. ACT Advisors LLC. now owns 37,142 shares of the investment management company’s stock worth $286,000 after buying an additional 1,690 shares during the last quarter. LPL Financial LLC boosted its stake in PIMCO Municipal Income Fund III by 17.5% during the 2nd quarter. LPL Financial LLC now owns 44,534 shares of the investment management company’s stock valued at $411,000 after purchasing an additional 6,625 shares during the last quarter. Smith Moore & CO. purchased a new stake in PIMCO Municipal Income Fund III during the 2nd quarter valued at $301,000. Finally, Cetera Investment Advisers boosted its stake in PIMCO Municipal Income Fund III by 7.5% during the 2nd quarter. Cetera Investment Advisers now owns 29,385 shares of the investment management company’s stock valued at $271,000 after purchasing an additional 2,050 shares during the last quarter.

PIMCO Municipal Income Fund III Price Performance

NYSE PMX opened at $8.36 on Tuesday. The business’s fifty day moving average price is $8.81 and its 200-day moving average price is $8.95. PIMCO Municipal Income Fund III has a 1-year low of $7.67 and a 1-year high of $11.94.

PIMCO Municipal Income Fund III Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, February 1st. Shareholders of record on Friday, January 13th will be paid a $0.033 dividend. The ex-dividend date of this dividend is Thursday, January 12th. This represents a $0.40 dividend on an annualized basis and a yield of 4.74%.

PIMCO Municipal Income Fund III Profile

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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.

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Institutional Ownership by Quarter for PIMCO Municipal Income Fund III (NYSE:PMX)

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