PIMCO Municipal Income Fund III (NYSE:PMX) Shares Cross Above 50 Day Moving Average of $7.53

PIMCO Municipal Income Fund III (NYSE:PMX)’s stock price crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $7.53 and traded as high as $7.87. PIMCO Municipal Income Fund III shares last traded at $7.77, with a volume of 91,569 shares trading hands.

PIMCO Municipal Income Fund III Stock Performance

The firm’s fifty day moving average price is $7.55 and its two-hundred day moving average price is $7.48.

PIMCO Municipal Income Fund III Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, August 1st. Investors of record on Thursday, July 11th will be issued a $0.033 dividend. This represents a $0.40 annualized dividend and a yield of 5.03%. The ex-dividend date of this dividend is Thursday, July 11th.

Institutional Investors Weigh In On PIMCO Municipal Income Fund III

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. UMB Bank n.a. purchased a new stake in PIMCO Municipal Income Fund III in the 4th quarter worth $27,000. HBC Financial Services PLLC acquired a new stake in PIMCO Municipal Income Fund III during the 1st quarter worth $44,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in PIMCO Municipal Income Fund III during the 1st quarter worth $76,000. Moody National Bank Trust Division acquired a new stake in PIMCO Municipal Income Fund III during the 4th quarter worth $119,000. Finally, Summit Trail Advisors LLC acquired a new stake in PIMCO Municipal Income Fund III during the 4th quarter worth $127,000.

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.