PIMCO Municipal Income Fund III (NYSE:PMX) Stock Passes Below Two Hundred Day Moving Average of $7.21

PIMCO Municipal Income Fund III (NYSE:PMX) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $7.21 and traded as low as $7.20. PIMCO Municipal Income Fund III shares last traded at $7.37, with a volume of 161,339 shares changing hands.

PIMCO Municipal Income Fund III Stock Up 2.3 %

The stock has a fifty day simple moving average of $7.50 and a 200-day simple moving average of $7.21.

PIMCO Municipal Income Fund III Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Thursday, April 11th will be issued a $0.033 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 5.38%. The ex-dividend date of this dividend is Wednesday, April 10th.

Institutional Trading of PIMCO Municipal Income Fund III

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Fiera Capital Corp acquired a new stake in PIMCO Municipal Income Fund III in the 4th quarter valued at approximately $6,160,000. UBS Group AG grew its holdings in shares of PIMCO Municipal Income Fund III by 82.9% during the 1st quarter. UBS Group AG now owns 570,368 shares of the investment management company’s stock worth $5,915,000 after purchasing an additional 258,533 shares in the last quarter. Morgan Stanley grew its holdings in shares of PIMCO Municipal Income Fund III by 115.8% during the 4th quarter. Morgan Stanley now owns 374,853 shares of the investment management company’s stock worth $3,265,000 after purchasing an additional 201,139 shares in the last quarter. Stifel Financial Corp acquired a new stake in shares of PIMCO Municipal Income Fund III during the 4th quarter worth approximately $2,099,000. Finally, Van ECK Associates Corp grew its holdings in shares of PIMCO Municipal Income Fund III by 25.4% during the 4th quarter. Van ECK Associates Corp now owns 238,955 shares of the investment management company’s stock worth $1,766,000 after purchasing an additional 48,431 shares in the last quarter.

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.