Raymond James Financial Services Advisors Inc. Sells 3,097 Shares of PIMCO Municipal Income Fund III (NYSE:PMX)

Raymond James Financial Services Advisors Inc. lessened its stake in shares of PIMCO Municipal Income Fund III (NYSE:PMX) by 3.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 98,778 shares of the investment management company’s stock after selling 3,097 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in PIMCO Municipal Income Fund III were worth $730,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. UBS Group AG increased its stake in 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 acquiring an additional 258,533 shares during the period. Morgan Stanley increased its stake in shares of PIMCO Municipal Income Fund III by 115.8% in the 4th quarter. Morgan Stanley now owns 374,853 shares of the investment management company’s stock valued at $3,265,000 after purchasing an additional 201,139 shares during the last quarter. Van ECK Associates Corp increased its stake in shares of PIMCO Municipal Income Fund III by 47.4% in the 3rd quarter. Van ECK Associates Corp now owns 190,524 shares of the investment management company’s stock valued at $1,233,000 after purchasing an additional 61,251 shares during the last quarter. Bank of America Corp DE increased its stake in shares of PIMCO Municipal Income Fund III by 16.7% in the 1st quarter. Bank of America Corp DE now owns 186,423 shares of the investment management company’s stock valued at $1,933,000 after purchasing an additional 26,692 shares during the last quarter. Finally, Advisors Asset Management Inc. increased its stake in shares of PIMCO Municipal Income Fund III by 47.6% in the 3rd quarter. Advisors Asset Management Inc. now owns 183,167 shares of the investment management company’s stock valued at $1,185,000 after purchasing an additional 59,095 shares during the last quarter.

PIMCO Municipal Income Fund III Trading Up 2.3 %

Shares of PMX opened at $7.37 on Wednesday. PIMCO Municipal Income Fund III has a 52-week low of $6.09 and a 52-week high of $8.34. The business’s fifty day moving average is $7.50 and its 200-day moving average is $7.21.

PIMCO Municipal Income Fund III Dividend Announcement

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

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.