PIMCO Municipal Income Fund III (NYSE:PMX) Shares Cross Above 50 Day Moving Average of $7.53

PIMCO Municipal Income Fund III (NYSE:PMX) shares passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $7.53 and traded as high as $7.87. PIMCO Municipal Income Fund III shares last traded at $7.77, with a volume of 91,569 shares trading hands.

PIMCO Municipal Income Fund III Price Performance

The stock’s 50 day simple moving average is $7.55 and its two-hundred day simple moving average is $7.48.

PIMCO Municipal Income Fund III Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Thursday, August 1st. Shareholders of record on Thursday, July 11th will be paid a $0.033 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 5.03%. The ex-dividend date is Thursday, July 11th.

Institutional Trading of PIMCO Municipal Income Fund III

A number of institutional investors have recently modified their holdings of PMX. Fiera Capital Corp purchased a new stake in PIMCO Municipal Income Fund III in the 4th quarter worth approximately $6,160,000. Advisors Asset Management Inc. lifted its stake in PIMCO Municipal Income Fund III by 34.0% in the 1st quarter. Advisors Asset Management Inc. now owns 425,100 shares of the investment management company’s stock worth $3,175,000 after purchasing an additional 107,839 shares in the last quarter. Gill Capital Partners LLC lifted its stake in PIMCO Municipal Income Fund III by 5.4% in the 1st quarter. Gill Capital Partners LLC now owns 421,766 shares of the investment management company’s stock worth $3,125,000 after purchasing an additional 21,553 shares in the last quarter. Van ECK Associates Corp lifted its stake in PIMCO Municipal Income Fund III by 25.4% in the 4th quarter. Van ECK Associates Corp now owns 238,955 shares of the investment management company’s stock worth $1,766,000 after purchasing an additional 48,431 shares in the last quarter. Finally, City of London Investment Management Co. Ltd. purchased a new stake in PIMCO Municipal Income Fund III in the 1st quarter worth approximately $950,000.

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.