MML Investors Services LLC Increases Position in PIMCO Municipal Income Fund III (NYSE:PMX)

MML Investors Services LLC increased its position in PIMCO Municipal Income Fund III (NYSE:PMXGet Rating) by 7.4% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 34,261 shares of the investment management company’s stock after purchasing an additional 2,369 shares during the period. MML Investors Services LLC’s holdings in PIMCO Municipal Income Fund III were worth $264,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of PMX. Steward Partners Investment Advisory LLC acquired a new position in PIMCO Municipal Income Fund III in the second quarter valued at approximately $25,000. Robinson Capital Management LLC bought a new stake in PIMCO Municipal Income Fund III during the first quarter worth approximately $74,000. AlphaCentric Advisors LLC bought a new position in shares of PIMCO Municipal Income Fund III in the third quarter valued at $77,000. Private Advisor Group LLC bought a new position in shares of PIMCO Municipal Income Fund III in the first quarter valued at $111,000. Finally, Raymond James & Associates bought a new position in shares of PIMCO Municipal Income Fund III in the third quarter valued at $87,000.

PIMCO Municipal Income Fund III Trading Down 1.2 %

NYSE PMX opened at $7.89 on Friday. PIMCO Municipal Income Fund III has a twelve month low of $7.67 and a twelve month high of $10.80. The firm’s 50 day moving average price is $8.34 and its two-hundred day moving average price is $8.55.

PIMCO Municipal Income Fund III Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, April 3rd. Stockholders of record on Monday, March 13th will be issued a dividend of $0.033 per share. This represents a $0.40 annualized dividend and a dividend yield of 5.02%. The ex-dividend date is Friday, March 10th.

PIMCO Municipal Income Fund III Company 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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