Noble Wealth Management PBC Invests $103,000 in PIMCO Municipal Income Fund III (NYSE:PMX)

Noble Wealth Management PBC purchased a new stake in shares of PIMCO Municipal Income Fund III (NYSE:PMX) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 14,000 shares of the investment management company’s stock, valued at approximately $103,000.

A number of other hedge funds also recently added to or reduced their stakes in the company. Van ECK Associates Corp boosted its stake in PIMCO Municipal Income Fund III by 6.7% during the 4th quarter. Van ECK Associates Corp now owns 176,973 shares of the investment management company’s stock valued at $1,303,000 after purchasing an additional 11,126 shares during the last quarter. Park Avenue Securities LLC lifted its holdings in shares of PIMCO Municipal Income Fund III by 6.3% during the fourth quarter. Park Avenue Securities LLC now owns 126,068 shares of the investment management company’s stock valued at $928,000 after purchasing an additional 7,490 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of PIMCO Municipal Income Fund III during the third quarter valued at $361,000. Hennion & Walsh Asset Management Inc. increased its holdings in PIMCO Municipal Income Fund III by 7.5% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 864,517 shares of the investment management company’s stock worth $6,363,000 after buying an additional 60,052 shares in the last quarter. Finally, Concorde Asset Management LLC purchased a new position in PIMCO Municipal Income Fund III in the 3rd quarter worth about $91,000.

PIMCO Municipal Income Fund III Stock Up 0.5 %

Shares of NYSE PMX opened at $7.53 on Friday. The firm’s 50-day moving average price is $7.36 and its 200-day moving average price is $7.75. PIMCO Municipal Income Fund III has a 52-week low of $7.09 and a 52-week high of $8.52.

PIMCO Municipal Income Fund III Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Thursday, February 13th will be paid a dividend of $0.033 per share. The ex-dividend date is Thursday, February 13th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 5.26%.

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.