43,739 Shares in PIMCO Municipal Income Fund III (NYSE:PMX) Purchased by Jane Street Group LLC

Jane Street Group LLC bought a new position in shares of PIMCO Municipal Income Fund III (NYSE:PMX) in the 3rd quarter, HoldingsChannel.com reports. The firm bought 43,739 shares of the investment management company’s stock, valued at approximately $361,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Plimoth Trust Co. LLC purchased a new position in shares of PIMCO Municipal Income Fund III in the 3rd quarter worth about $84,000. Concorde Asset Management LLC purchased a new position in shares of PIMCO Municipal Income Fund III in the 3rd quarter worth about $91,000. Fortitude Family Office LLC purchased a new position in shares of PIMCO Municipal Income Fund III in the 3rd quarter worth about $156,000. B. Riley Wealth Advisors Inc. boosted its holdings in shares of PIMCO Municipal Income Fund III by 19.2% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 41,010 shares of the investment management company’s stock worth $325,000 after purchasing an additional 6,600 shares in the last quarter. Finally, Commonwealth Equity Services LLC boosted its holdings in shares of PIMCO Municipal Income Fund III by 17.8% in the 2nd quarter. Commonwealth Equity Services LLC now owns 44,446 shares of the investment management company’s stock worth $350,000 after purchasing an additional 6,704 shares in the last quarter.

PIMCO Municipal Income Fund III Trading Down 0.3 %

PMX opened at $7.30 on Thursday. PIMCO Municipal Income Fund III has a 12-month low of $7.02 and a 12-month high of $8.52. The stock has a 50-day moving average price of $7.65 and a 200-day moving average price of $7.86.

PIMCO Municipal Income Fund III Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Monday, January 13th will be paid a $0.033 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 5.42%. The ex-dividend date of this dividend is Monday, January 13th.

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.