PIMCO Municipal Income Fund III (NYSE:PMX) Stock Holdings Cut by Kercheville Advisors LLC

Kercheville Advisors LLC reduced its position in shares of PIMCO Municipal Income Fund III (NYSE:PMX) by 11.8% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 15,000 shares of the investment management company’s stock after selling 2,000 shares during the quarter. Kercheville Advisors LLC’s holdings in PIMCO Municipal Income Fund III were worth $124,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Hennion & Walsh Asset Management Inc. boosted its stake in PIMCO Municipal Income Fund III by 67.3% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 804,465 shares of the investment management company’s stock valued at $6,645,000 after purchasing an additional 323,484 shares in the last quarter. Plimoth Trust Co. LLC bought a new stake in shares of PIMCO Municipal Income Fund III during the 3rd quarter worth $84,000. B. Riley Wealth Advisors Inc. boosted its stake in shares of PIMCO Municipal Income Fund III by 19.2% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 41,010 shares of the investment management company’s stock worth $325,000 after acquiring an additional 6,600 shares in the last quarter. Arbor Trust Wealth Advisors LLC bought a new stake in shares of PIMCO Municipal Income Fund III during the 2nd quarter worth $103,000. Finally, Commonwealth Equity Services LLC boosted its stake in shares of PIMCO Municipal Income Fund III by 17.8% during the 2nd quarter. Commonwealth Equity Services LLC now owns 44,446 shares of the investment management company’s stock worth $350,000 after acquiring an additional 6,704 shares in the last quarter.

PIMCO Municipal Income Fund III Price Performance

PMX opened at $7.94 on Monday. The business has a fifty day simple moving average of $8.13 and a 200-day simple moving average of $7.80. PIMCO Municipal Income Fund III has a fifty-two week low of $6.09 and a fifty-two week high of $8.52.

PIMCO Municipal Income Fund III Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 1st. Stockholders of record on Friday, October 11th will be paid a dividend of $0.033 per share. This represents a $0.40 annualized dividend and a dividend yield of 4.99%. The ex-dividend date of this dividend is Friday, October 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.