Wolverine Asset Management LLC Acquires New Shares in PIMCO Municipal Income Fund III (NYSE:PMX)

Wolverine Asset Management LLC bought a new position in shares of PIMCO Municipal Income Fund III (NYSE:PMX) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 9,169 shares of the investment management company’s stock, valued at approximately $67,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of PMX. Concorde Asset Management LLC acquired a new position in PIMCO Municipal Income Fund III during the 3rd quarter worth $91,000. Ellis Investment Partners LLC lifted its position in PIMCO Municipal Income Fund III by 29.5% during the 4th quarter. Ellis Investment Partners LLC now owns 12,954 shares of the investment management company’s stock worth $95,000 after acquiring an additional 2,954 shares during the last quarter. Oregon Pacific Wealth Management LLC acquired a new position in PIMCO Municipal Income Fund III during the 4th quarter worth $132,000. Fortitude Family Office LLC acquired a new position in PIMCO Municipal Income Fund III during the 3rd quarter worth $156,000. Finally, Integrated Capital Management Inc. lifted its position 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 worth $187,000 after acquiring an additional 1,841 shares during the last quarter.

PIMCO Municipal Income Fund III Price Performance

PIMCO Municipal Income Fund III stock opened at $7.43 on Tuesday. PIMCO Municipal Income Fund III has a fifty-two week low of $7.09 and a fifty-two week high of $8.52. The firm has a fifty day moving average price of $7.34 and a two-hundred day moving average price of $7.76.

PIMCO Municipal Income Fund III Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Thursday, February 13th will be given a dividend of $0.033 per share. This represents a $0.40 dividend on an annualized basis and a yield of 5.33%. The ex-dividend date is Thursday, February 13th.

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.