PIMCO Municipal Income Fund III (NYSE:PMX) Share Price Crosses Below 200 Day Moving Average – Should You Sell?

PIMCO Municipal Income Fund III (NYSE:PMX)’s stock price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $7.83 and traded as low as $7.83. PIMCO Municipal Income Fund III shares last traded at $7.91, with a volume of 86,917 shares trading hands.

PIMCO Municipal Income Fund III Price Performance

The business’s 50-day simple moving average is $8.10 and its two-hundred day simple moving average is $7.83.

PIMCO Municipal Income Fund III Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, December 2nd. Investors of record on Tuesday, November 12th will be given a dividend of $0.033 per share. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $0.40 dividend on an annualized basis and a yield of 5.01%.

Institutional Trading of PIMCO Municipal Income Fund III

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Plimoth Trust Co. LLC acquired a new stake in PIMCO Municipal Income Fund III during the 3rd quarter worth approximately $84,000. Arbor Trust Wealth Advisors LLC acquired a new position in shares of PIMCO Municipal Income Fund III during the second quarter worth $103,000. Virtu Financial LLC bought a new stake in shares of PIMCO Municipal Income Fund III in the first quarter worth $130,000. Fortitude Family Office LLC acquired a new stake in PIMCO Municipal Income Fund III in the third quarter valued at $156,000. Finally, Integrated Capital Management Inc. raised its position in PIMCO Municipal Income Fund III by 12.2% during the 2nd quarter. Integrated Capital Management Inc. now owns 24,455 shares of the investment management company’s stock worth $193,000 after purchasing an additional 2,652 shares during the last quarter.

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.