PIMCO Municipal Income Fund III (NYSE:PMX) Shares Purchased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. increased its stake in shares of PIMCO Municipal Income Fund III (NYSE:PMX) by 4.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 142,754 shares of the investment management company’s stock after purchasing an additional 5,428 shares during the quarter. Envestnet Asset Management Inc.’s holdings in PIMCO Municipal Income Fund III were worth $1,022,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Two Sigma Securities LLC purchased a new stake in PIMCO Municipal Income Fund III during the 4th quarter worth about $80,000. Citadel Advisors LLC purchased a new stake in shares of PIMCO Municipal Income Fund III in the 4th quarter valued at about $80,000. Logan Stone Capital LLC purchased a new stake in shares of PIMCO Municipal Income Fund III in the 4th quarter valued at about $87,000. Walleye Capital LLC purchased a new stake in shares of PIMCO Municipal Income Fund III in the 4th quarter valued at about $99,000. Finally, Landscape Capital Management L.L.C. purchased a new stake in shares of PIMCO Municipal Income Fund III in the 4th quarter valued at about $113,000.

PIMCO Municipal Income Fund III Price Performance

PIMCO Municipal Income Fund III stock opened at $6.68 on Friday. PIMCO Municipal Income Fund III has a fifty-two week low of $6.36 and a fifty-two week high of $8.52. The stock has a 50-day simple moving average of $6.75 and a 200-day simple moving average of $7.00.

PIMCO Municipal Income Fund III Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, July 24th. Shareholders of record on Friday, July 11th were paid a dividend of $0.033 per share. The ex-dividend date of this dividend was Friday, July 11th. This represents a c) annualized dividend and a yield of 5.9%.

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.