Bank of Montreal Can reduced its holdings in shares of PIMCO Municipal Income Fund III (NYSE:PMX – Free Report) by 25.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 44,398 shares of the investment management company’s stock after selling 15,257 shares during the quarter. Bank of Montreal Can’s holdings in PIMCO Municipal Income Fund III were worth $360,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also bought and sold shares of PMX. HBC Financial Services PLLC bought a new position in PIMCO Municipal Income Fund III during the first quarter worth about $44,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in PIMCO Municipal Income Fund III in the 1st quarter valued at about $76,000. Arbor Trust Wealth Advisors LLC acquired a new position in shares of PIMCO Municipal Income Fund III during the 2nd quarter worth approximately $103,000. Virtu Financial LLC bought a new position in shares of PIMCO Municipal Income Fund III during the first quarter worth approximately $130,000. Finally, Nomura Holdings Inc. bought a new stake in shares of PIMCO Municipal Income Fund III during the 4th quarter valued at $178,000.
PIMCO Municipal Income Fund III Price Performance
Shares of NYSE:PMX opened at $8.27 on Friday. The company’s 50 day simple moving average is $8.05 and its 200 day simple moving average is $7.74. PIMCO Municipal Income Fund III has a 1 year low of $6.09 and a 1 year high of $8.52.
PIMCO Municipal Income Fund III Announces Dividend
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.
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