PIMCO Municipal Income Fund III (NYSE:PMX) Declares $0.03 Monthly Dividend

PIMCO Municipal Income Fund III (NYSE:PMXGet Free Report) declared a monthly dividend on Monday, April 1st, investing.com reports. Stockholders of record on Thursday, April 11th will be given a dividend of 0.033 per share by the investment management company on Wednesday, May 1st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 5.32%. The ex-dividend date of this dividend is Wednesday, April 10th.

PIMCO Municipal Income Fund III Price Performance

Shares of NYSE:PMX opened at $7.44 on Wednesday. The firm has a 50 day moving average of $7.49 and a 200 day moving average of $7.17. PIMCO Municipal Income Fund III has a 52 week low of $6.09 and a 52 week high of $8.47.

Hedge Funds Weigh In On PIMCO Municipal Income Fund III

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Cambridge Investment Research Advisors Inc. grew its position in shares of PIMCO Municipal Income Fund III by 468.6% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 58,243 shares of the investment management company’s stock worth $604,000 after buying an additional 48,000 shares during the last quarter. Private Advisor Group LLC acquired a new position in shares of PIMCO Municipal Income Fund III during the first quarter worth $111,000. UBS Group AG lifted its holdings in shares of PIMCO Municipal Income Fund III by 82.9% during the 1st quarter. UBS Group AG now owns 570,368 shares of the investment management company’s stock valued at $5,915,000 after purchasing an additional 258,533 shares during the last quarter. Cohen & Steers Inc. lifted its holdings in shares of PIMCO Municipal Income Fund III by 176.9% during the 1st quarter. Cohen & Steers Inc. now owns 98,401 shares of the investment management company’s stock valued at $1,020,000 after purchasing an additional 62,870 shares during the last quarter. Finally, Rivernorth Capital Management LLC acquired a new stake in shares of PIMCO Municipal Income Fund III in the 1st quarter worth $651,000.

About PIMCO Municipal Income Fund III

(Get Free Report)

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.

See Also

Dividend History for PIMCO Municipal Income Fund III (NYSE:PMX)

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