PIMCO Municipal Income Fund III (NYSE:PMX) Stock Holdings Lifted by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. lifted its position in PIMCO Municipal Income Fund III (NYSE:PMX) by 7.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 864,517 shares of the investment management company’s stock after acquiring an additional 60,052 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in PIMCO Municipal Income Fund III were worth $6,363,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Plimoth Trust Co. LLC acquired a new position in PIMCO Municipal Income Fund III during the third quarter valued at $84,000. Concorde Asset Management LLC purchased a new stake in shares of PIMCO Municipal Income Fund III during the 3rd quarter worth about $91,000. Fortitude Family Office LLC bought a new stake in shares of PIMCO Municipal Income Fund III during the 3rd quarter worth about $156,000. Integrated Capital Management Inc. boosted its stake in PIMCO Municipal Income Fund III by 7.8% during the 4th quarter. Integrated Capital Management Inc. now owns 25,387 shares of the investment management company’s stock valued at $187,000 after purchasing an additional 1,841 shares during the period. Finally, B. Riley Wealth Advisors Inc. grew its holdings in PIMCO Municipal Income Fund III by 19.2% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 41,010 shares of the investment management company’s stock valued at $325,000 after buying an additional 6,600 shares during the last quarter.

PIMCO Municipal Income Fund III Trading Up 1.3 %

NYSE:PMX opened at $7.22 on Thursday. PIMCO Municipal Income Fund III has a one year low of $7.02 and a one year high of $8.52. The company has a fifty day moving average price of $7.60 and a 200 day moving average price of $7.85.

PIMCO Municipal Income Fund III Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Monday, January 13th will be given a $0.033 dividend. The ex-dividend date is Monday, January 13th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 5.48%.

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.