PIMCO Municipal Income Fund III (NYSE:PMX) Stock Position Raised by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. grew its position in PIMCO Municipal Income Fund III (NYSE:PMX) by 3.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 137,326 shares of the investment management company’s stock after purchasing an additional 4,097 shares during the period. Envestnet Asset Management Inc.’s holdings in PIMCO Municipal Income Fund III were worth $1,011,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Wolverine Asset Management LLC bought a new position in PIMCO Municipal Income Fund III during the fourth quarter valued at about $67,000. Permanent Capital Management LP acquired a new stake in PIMCO Municipal Income Fund III during the 4th quarter worth about $92,000. Ellis Investment Partners LLC increased its stake in PIMCO Municipal Income Fund III by 29.5% in the 4th quarter. Ellis Investment Partners LLC now owns 12,954 shares of the investment management company’s stock valued at $95,000 after buying an additional 2,954 shares during the period. Noble Wealth Management PBC acquired a new stake in PIMCO Municipal Income Fund III during the fourth quarter valued at $103,000. Finally, Landscape Capital Management L.L.C. bought a new position in PIMCO Municipal Income Fund III during the fourth quarter valued at approximately $113,000.

PIMCO Municipal Income Fund III Price Performance

PIMCO Municipal Income Fund III stock opened at $7.00 on Friday. PIMCO Municipal Income Fund III has a one year low of $6.37 and a one year high of $8.52. The company’s fifty day moving average price is $7.06 and its two-hundred day moving average price is $7.41.

PIMCO Municipal Income Fund III Announces Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, May 1st. Investors of record on Friday, April 11th were issued a $0.033 dividend. The ex-dividend date of this dividend was Friday, April 11th. This represents a $0.40 annualized dividend and a yield of 5.66%.

PIMCO Municipal Income Fund III 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.