Smith Moore & CO. Boosts Position in PIMCO Municipal Income Fund III (NYSE:PMX)

Smith Moore & CO. boosted its position in PIMCO Municipal Income Fund III (NYSE:PMX) by 53.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 133,609 shares of the investment management company’s stock after purchasing an additional 46,724 shares during the period. Smith Moore & CO.’s holdings in PIMCO Municipal Income Fund III were worth $983,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in PMX. Van ECK Associates Corp boosted its holdings in shares of PIMCO Municipal Income Fund III by 6.7% in the fourth quarter. Van ECK Associates Corp now owns 176,973 shares of the investment management company’s stock worth $1,303,000 after buying an additional 11,126 shares during the last quarter. Park Avenue Securities LLC boosted its stake in shares of PIMCO Municipal Income Fund III by 6.3% during the 4th quarter. Park Avenue Securities LLC now owns 126,068 shares of the investment management company’s stock worth $928,000 after acquiring an additional 7,490 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of PIMCO Municipal Income Fund III during the 3rd quarter valued at $361,000. HighTower Advisors LLC increased its stake in shares of PIMCO Municipal Income Fund III by 35.0% in the 4th quarter. HighTower Advisors LLC now owns 32,756 shares of the investment management company’s stock worth $241,000 after purchasing an additional 8,500 shares in the last quarter. Finally, Arlington Capital Management Inc. raised its holdings in PIMCO Municipal Income Fund III by 16.2% in the 4th quarter. Arlington Capital Management Inc. now owns 30,331 shares of the investment management company’s stock worth $223,000 after purchasing an additional 4,235 shares during the period.

PIMCO Municipal Income Fund III Price Performance

NYSE:PMX opened at $7.07 on Friday. The stock has a 50-day simple moving average of $7.34 and a two-hundred day simple moving average of $7.62. PIMCO Municipal Income Fund III has a 52-week low of $7.06 and a 52-week high of $8.52.

PIMCO Municipal Income Fund III Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Thursday, May 1st. Investors of record on Friday, April 11th will be issued a $0.033 dividend. This represents a $0.40 annualized dividend and a yield of 5.60%. The ex-dividend date is Friday, April 11th.

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.