PIMCO Municipal Income Fund III (NYSE:PMX) Holdings Lifted by Guggenheim Capital LLC

Guggenheim Capital LLC boosted its holdings in shares of PIMCO Municipal Income Fund III (NYSE:PMX) by 13.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 726,528 shares of the investment management company’s stock after acquiring an additional 86,535 shares during the quarter. Guggenheim Capital LLC’s holdings in PIMCO Municipal Income Fund III were worth $5,347,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Wolverine Asset Management LLC purchased a new stake in shares of PIMCO Municipal Income Fund III in the fourth quarter worth approximately $67,000. Permanent Capital Management LP purchased a new stake in PIMCO Municipal Income Fund III in the 4th quarter worth approximately $92,000. Ellis Investment Partners LLC boosted its stake in shares of 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 valued at $95,000 after buying an additional 2,954 shares during the period. Walleye Capital LLC purchased a new position in shares of PIMCO Municipal Income Fund III during the 4th quarter valued at $99,000. Finally, Noble Wealth Management PBC acquired a new position in shares of PIMCO Municipal Income Fund III in the fourth quarter worth $103,000.

PIMCO Municipal Income Fund III Trading Up 0.5 %

Shares of NYSE:PMX opened at $6.73 on Friday. The business has a fifty day simple moving average of $7.17 and a 200 day simple moving average of $7.51. PIMCO Municipal Income Fund III has a 1 year low of $6.37 and a 1 year high of $8.52.

PIMCO Municipal Income Fund III Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, May 1st. Investors of record on Friday, April 11th will be paid a $0.033 dividend. The ex-dividend date of this dividend is Friday, April 11th. This represents a $0.40 annualized dividend and a dividend yield of 5.89%.

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.