PIMCO Municipal Income Fund III (NYSE:PMX) Shares Sold by Wolverine Asset Management LLC

Wolverine Asset Management LLC lowered its holdings in shares of PIMCO Municipal Income Fund III (NYSE:PMX) by 87.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,499 shares of the investment management company’s stock after selling 76,754 shares during the period. Wolverine Asset Management LLC’s holdings in PIMCO Municipal Income Fund III were worth $85,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PMX. Williams & Novak LLC purchased a new position in PIMCO Municipal Income Fund III in the fourth quarter valued at approximately $323,000. Wakefield Asset Management LLLP purchased a new position in shares of PIMCO Municipal Income Fund III in the 4th quarter valued at $731,000. Centurion Wealth Management LLC lifted its holdings in shares of PIMCO Municipal Income Fund III by 211.9% during the 4th quarter. Centurion Wealth Management LLC now owns 39,450 shares of the investment management company’s stock valued at $292,000 after acquiring an additional 26,800 shares in the last quarter. UMB Bank n.a. acquired a new stake in PIMCO Municipal Income Fund III in the 4th quarter valued at $27,000. Finally, Simon Quick Advisors LLC purchased a new position in PIMCO Municipal Income Fund III in the fourth quarter valued at about $134,000.

PIMCO Municipal Income Fund III Stock Up 0.1 %

Shares of NYSE:PMX opened at $7.52 on Monday. The company has a 50 day moving average of $7.48 and a two-hundred day moving average of $7.27. PIMCO Municipal Income Fund III has a 52-week low of $6.09 and a 52-week high of $8.22.

PIMCO Municipal Income Fund III Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, May 1st. Investors of record on Thursday, April 11th will be given a dividend of $0.033 per share. This represents a $0.40 annualized dividend and a dividend yield of 5.27%. The ex-dividend date of this dividend is Wednesday, April 10th.

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.