Oregon Pacific Wealth Management LLC Acquires Shares of 18,000 PIMCO Municipal Income Fund III (NYSE:PMX)

Oregon Pacific Wealth Management LLC purchased a new stake in shares of PIMCO Municipal Income Fund III (NYSE:PMX) in the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 18,000 shares of the investment management company’s stock, valued at approximately $132,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Integrated Capital Management Inc. boosted its position in PIMCO Municipal Income Fund III by 7.8% in the fourth quarter. Integrated Capital Management Inc. now owns 25,387 shares of the investment management company’s stock worth $187,000 after purchasing an additional 1,841 shares during the last quarter. B. Riley Wealth Advisors Inc. lifted its position 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 valued at $325,000 after buying an additional 6,600 shares in the last quarter. Park Avenue Securities LLC lifted its position 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 valued at $928,000 after buying an additional 7,490 shares in the last quarter. Plimoth Trust Co. LLC purchased a new position in shares of PIMCO Municipal Income Fund III during the 3rd quarter valued at about $84,000. Finally, Concorde Asset Management LLC purchased a new position in shares of PIMCO Municipal Income Fund III during the 3rd quarter valued at about $91,000.

PIMCO Municipal Income Fund III Stock Up 0.3 %

PMX stock opened at $7.41 on Monday. PIMCO Municipal Income Fund III has a twelve month low of $7.09 and a twelve month high of $8.52. The business’s 50-day moving average price is $7.46 and its 200-day moving average price is $7.80.

PIMCO Municipal Income Fund III Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, February 3rd. Investors of record on Monday, January 13th will be issued a $0.033 dividend. The ex-dividend date of this dividend is Monday, January 13th. This represents a $0.40 dividend on an annualized basis and a yield of 5.34%.

PIMCO Municipal Income Fund III 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.