Integrated Capital Management Inc. Boosts Holdings in PIMCO Municipal Income Fund III (NYSE:PMX)

Integrated Capital Management Inc. grew its position in shares of PIMCO Municipal Income Fund III (NYSE:PMX) by 7.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 25,387 shares of the investment management company’s stock after buying an additional 1,841 shares during the quarter. Integrated Capital Management Inc.’s holdings in PIMCO Municipal Income Fund III were worth $187,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Plimoth Trust Co. LLC purchased a new position in PIMCO Municipal Income Fund III during the third quarter worth about $84,000. Concorde Asset Management LLC purchased a new position in shares of PIMCO Municipal Income Fund III during the 3rd quarter worth approximately $91,000. Fortitude Family Office LLC acquired a new stake in shares of PIMCO Municipal Income Fund III in the 3rd quarter valued at approximately $156,000. B. Riley Wealth Advisors Inc. boosted its stake in shares of PIMCO Municipal Income Fund III by 19.2% in the second 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. Finally, Commonwealth Equity Services LLC grew its holdings in PIMCO Municipal Income Fund III by 17.8% during the second 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 during the period.

PIMCO Municipal Income Fund III Trading Down 1.2 %

NYSE:PMX opened at $7.13 on Tuesday. PIMCO Municipal Income Fund III has a 1 year low of $7.02 and a 1 year high of $8.52. The stock has a fifty day moving average price of $7.61 and a two-hundred day moving average price of $7.85.

PIMCO Municipal Income Fund III Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, February 3rd. Investors of record on Monday, January 13th will be paid a $0.033 dividend. This represents a $0.40 annualized dividend and a dividend yield of 5.55%. The ex-dividend date of this dividend is Monday, January 13th.

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.