PIMCO Municipal Income Fund III (NYSE:PMX) Stake Raised by Arlington Capital Management Inc.

Arlington Capital Management Inc. increased its holdings in PIMCO Municipal Income Fund III (NYSE:PMX) by 16.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,331 shares of the investment management company’s stock after purchasing an additional 4,235 shares during the quarter. Arlington Capital Management Inc.’s holdings in PIMCO Municipal Income Fund III were worth $223,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Wolverine Asset Management LLC acquired a new position in PIMCO Municipal Income Fund III in the fourth quarter worth approximately $67,000. Permanent Capital Management LP bought a new position in PIMCO Municipal Income Fund III in the fourth quarter worth $92,000. Ellis Investment Partners LLC increased its stake in PIMCO Municipal Income Fund III by 29.5% in the fourth quarter. Ellis Investment Partners LLC now owns 12,954 shares of the investment management company’s stock valued at $95,000 after acquiring an additional 2,954 shares during the period. Noble Wealth Management PBC bought a new stake in shares of PIMCO Municipal Income Fund III in the 4th quarter valued at approximately $103,000. Finally, Oregon Pacific Wealth Management LLC acquired a new position in PIMCO Municipal Income Fund III during the fourth quarter worth $132,000.

PIMCO Municipal Income Fund III Stock Down 0.8 %

PIMCO Municipal Income Fund III stock opened at $7.21 on Wednesday. The stock has a 50-day simple moving average of $7.36 and a 200 day simple moving average of $7.67. PIMCO Municipal Income Fund III has a 12-month low of $7.09 and a 12-month high of $8.52.

PIMCO Municipal Income Fund III Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Thursday, March 13th will be given a $0.033 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 5.49%. The ex-dividend date is Thursday, March 13th.

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.