PIMCO Municipal Income Fund III (NYSE:PMX) Shares Bought by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. grew its stake in PIMCO Municipal Income Fund III (NYSE:PMX) by 9.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 37,968 shares of the investment management company’s stock after purchasing an additional 3,350 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in PIMCO Municipal Income Fund III were worth $272,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Park Avenue Securities LLC boosted its position in PIMCO Municipal Income Fund III by 2.1% in the 1st quarter. Park Avenue Securities LLC now owns 128,712 shares of the investment management company’s stock worth $922,000 after purchasing an additional 2,644 shares in the last quarter. Integrated Capital Management Inc. lifted its position in shares of PIMCO Municipal Income Fund III by 11.4% during the 1st quarter. Integrated Capital Management Inc. now owns 28,285 shares of the investment management company’s stock valued at $203,000 after buying an additional 2,898 shares in the last quarter. Nomura Holdings Inc. purchased a new position in shares of PIMCO Municipal Income Fund III during the 4th quarter valued at approximately $237,000. Nuveen Asset Management LLC lifted its position in shares of PIMCO Municipal Income Fund III by 23.3% during the 4th quarter. Nuveen Asset Management LLC now owns 75,109 shares of the investment management company’s stock valued at $553,000 after buying an additional 14,200 shares in the last quarter. Finally, Logan Stone Capital LLC purchased a new position in shares of PIMCO Municipal Income Fund III during the 4th quarter valued at approximately $87,000.

PIMCO Municipal Income Fund III Stock Performance

Shares of PMX stock opened at $6.77 on Friday. The stock’s fifty day moving average is $6.83 and its two-hundred day moving average is $7.06. PIMCO Municipal Income Fund III has a fifty-two week low of $6.37 and a fifty-two week high of $8.52.

PIMCO Municipal Income Fund III Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Thursday, July 24th. Stockholders of record on Friday, July 11th will be issued a $0.033 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 5.85%. The ex-dividend date is Friday, July 11th.

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.