Raymond James Financial Services Advisors Inc. Buys 863 Shares of PIMCO Municipal Income Fund III (NYSE:PMX)


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Raymond James Financial Services Advisors Inc. lifted its holdings in PIMCO Municipal Income Fund III (NYSE:PMX) by 7.6% in the fourth quarter, HoldingsChannel reports. The fund owned 12,177 shares of the investment management company’s stock after buying an additional 863 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in PIMCO Municipal Income Fund III were worth $145,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Truist Financial Corp bought a new stake in PIMCO Municipal Income Fund III during the 3rd quarter valued at $174,000. Morgan Stanley increased its position in PIMCO Municipal Income Fund III by 13.4% during the 3rd quarter. Morgan Stanley now owns 83,302 shares of the investment management company’s stock valued at $946,000 after purchasing an additional 9,817 shares during the period. Baird Financial Group Inc. increased its position in PIMCO Municipal Income Fund III by 8.7% during the 4th quarter. Baird Financial Group Inc. now owns 15,159 shares of the investment management company’s stock valued at $180,000 after purchasing an additional 1,213 shares during the period. Archer Investment Corp purchased a new stake in shares of PIMCO Municipal Income Fund III in the 4th quarter worth about $152,000. Finally, TrinityPoint Wealth LLC purchased a new stake in shares of PIMCO Municipal Income Fund III in the 4th quarter worth about $205,000.

Shares of PIMCO Municipal Income Fund III stock opened at $12.55 on Friday. The firm’s 50-day moving average is $12.28 and its 200 day moving average is $11.94. PIMCO Municipal Income Fund III has a 1 year low of $10.13 and a 1 year high of $12.82.

The company also recently declared a monthly dividend, which will be paid on Monday, May 3rd. Investors of record on Monday, April 12th will be paid a $0.046 dividend. This represents a $0.55 dividend on an annualized basis and a yield of 4.40%. The ex-dividend date of this dividend is Friday, April 9th.

PIMCO Municipal Income Fund III Company 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.

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Want to see what other hedge funds are holding PMX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PIMCO Municipal Income Fund III (NYSE:PMX).

Institutional Ownership by Quarter for PIMCO Municipal Income Fund III (NYSE:PMX)

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