PIMCO Municipal Income Fund III (NYSE:PMX) Stock Crosses Below 200-Day Moving Average of $7.86

PIMCO Municipal Income Fund III (NYSE:PMX)’s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $7.86 and traded as low as $7.02. PIMCO Municipal Income Fund III shares last traded at $7.04, with a volume of 119,529 shares trading hands.

PIMCO Municipal Income Fund III Stock Down 0.4 %

The company has a fifty day simple moving average of $7.62 and a 200-day simple moving average of $7.86.

PIMCO Municipal Income Fund III Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Monday, September 11th will be issued a dividend of $0.033 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 5.63%. The ex-dividend date is Friday, September 8th.

Hedge Funds Weigh In On PIMCO Municipal Income Fund III

Hedge funds have recently modified their holdings of the business. Cambridge Investment Research Advisors Inc. lifted its stake in PIMCO Municipal Income Fund III by 468.6% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 58,243 shares of the investment management company’s stock worth $604,000 after acquiring an additional 48,000 shares in the last quarter. Private Advisor Group LLC acquired a new stake in PIMCO Municipal Income Fund III in the 1st quarter valued at about $111,000. UBS Group AG raised its position in PIMCO Municipal Income Fund III by 82.9% in the 1st quarter. UBS Group AG now owns 570,368 shares of the investment management company’s stock valued at $5,915,000 after purchasing an additional 258,533 shares in the last quarter. Cohen & Steers Inc. raised its position in PIMCO Municipal Income Fund III by 176.9% in the 1st quarter. Cohen & Steers Inc. now owns 98,401 shares of the investment management company’s stock valued at $1,020,000 after purchasing an additional 62,870 shares in the last quarter. Finally, Rivernorth Capital Management LLC acquired a new stake in PIMCO Municipal Income Fund III in the 1st quarter valued at about $651,000.

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.