PIMCO Municipal Income Fund III (NYSE:PMX) Shares Purchased by Van ECK Associates Corp

Van ECK Associates Corp lifted its stake in PIMCO Municipal Income Fund III (NYSE:PMX) by 25.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 238,955 shares of the investment management company’s stock after purchasing an additional 48,431 shares during the period. Van ECK Associates Corp’s holdings in PIMCO Municipal Income Fund III were worth $1,766,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Bank of New York Mellon Corp lifted its stake in shares of PIMCO Municipal Income Fund III by 2.4% in the third quarter. Bank of New York Mellon Corp now owns 88,456 shares of the investment management company’s stock valued at $572,000 after purchasing an additional 2,047 shares during the period. Park Avenue Securities LLC raised its position in PIMCO Municipal Income Fund III by 2.5% during the third quarter. Park Avenue Securities LLC now owns 117,104 shares of the investment management company’s stock worth $758,000 after acquiring an additional 2,823 shares during the last quarter. UMB Bank n.a. acquired a new position in PIMCO Municipal Income Fund III during the fourth quarter worth about $27,000. B. Riley Wealth Advisors Inc. raised its position in PIMCO Municipal Income Fund III by 38.5% during the third quarter. B. Riley Wealth Advisors Inc. now owns 34,410 shares of the investment management company’s stock worth $224,000 after acquiring an additional 9,570 shares during the last quarter. Finally, Raymond James & Associates raised its position in PIMCO Municipal Income Fund III by 36.3% during the fourth quarter. Raymond James & Associates now owns 46,760 shares of the investment management company’s stock worth $346,000 after acquiring an additional 12,462 shares during the last quarter.

PIMCO Municipal Income Fund III Stock Performance

Shares of PMX opened at $7.52 on Thursday. The company has a 50-day moving average of $7.48 and a two-hundred day moving average of $7.32. PIMCO Municipal Income Fund III has a 12-month low of $6.09 and a 12-month high of $8.13.

PIMCO Municipal Income Fund III Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Monday, May 13th will be given a dividend of $0.033 per share. This represents a $0.40 dividend on an annualized basis and a yield of 5.27%. The ex-dividend date is Friday, May 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.