Concorde Asset Management LLC Buys New Holdings in PIMCO Municipal Income Fund III (NYSE:PMX)

Concorde Asset Management LLC bought a new stake in shares of PIMCO Municipal Income Fund III (NYSE:PMX) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 10,980 shares of the investment management company’s stock, valued at approximately $91,000.

Several other institutional investors also recently bought and sold shares of the stock. Plimoth Trust Co. LLC purchased a new stake in PIMCO Municipal Income Fund III in the 3rd quarter worth approximately $84,000. Arbor Trust Wealth Advisors LLC purchased a new stake in PIMCO Municipal Income Fund III in the 2nd quarter worth approximately $103,000. Virtu Financial LLC purchased a new stake in PIMCO Municipal Income Fund III in the 1st quarter worth approximately $130,000. Fortitude Family Office LLC purchased a new stake in PIMCO Municipal Income Fund III in the 3rd quarter worth approximately $156,000. Finally, Integrated Capital Management Inc. lifted its holdings in PIMCO Municipal Income Fund III by 12.2% in the 2nd quarter. Integrated Capital Management Inc. now owns 24,455 shares of the investment management company’s stock worth $193,000 after buying an additional 2,652 shares during the period.

PIMCO Municipal Income Fund III Trading Up 0.2 %

NYSE PMX opened at $7.75 on Friday. PIMCO Municipal Income Fund III has a fifty-two week low of $7.02 and a fifty-two week high of $8.52. The stock has a 50 day simple moving average of $8.05 and a two-hundred day simple moving average of $7.85.

PIMCO Municipal Income Fund III Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Tuesday, November 12th will be issued a $0.033 dividend. This represents a $0.40 annualized dividend and a yield of 5.11%. The ex-dividend date of this dividend is Tuesday, November 12th.

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.