Pimco Municipal Income Fund III (NYSE:PMX) Stock Crosses Below Fifty Day Moving Average of $12.50

Pimco Municipal Income Fund III (NYSE:PMX)’s stock price crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $12.50 and traded as low as $12.41. Pimco Municipal Income Fund III shares last traded at $12.41, with a volume of 52,258 shares changing hands.

The company has a fifty day simple moving average of $12.50 and a 200-day simple moving average of $12.58.

The business also recently declared a monthly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Thursday, February 13th will be issued a dividend of $0.046 per share. This represents a $0.55 annualized dividend and a yield of 4.45%. The ex-dividend date of this dividend is Wednesday, February 12th.

A number of large investors have recently added to or reduced their stakes in the business. Guggenheim Capital LLC boosted its stake in shares of Pimco Municipal Income Fund III by 112.5% in the fourth quarter. Guggenheim Capital LLC now owns 203,851 shares of the investment management company’s stock worth $2,564,000 after acquiring an additional 107,926 shares during the period. Bank of America Corp DE boosted its stake in shares of Pimco Municipal Income Fund III by 83.5% in the second quarter. Bank of America Corp DE now owns 123,580 shares of the investment management company’s stock worth $1,528,000 after acquiring an additional 56,230 shares during the period. Van ECK Associates Corp boosted its stake in shares of Pimco Municipal Income Fund III by 6.7% in the fourth quarter. Van ECK Associates Corp now owns 83,524 shares of the investment management company’s stock worth $1,051,000 after acquiring an additional 5,255 shares during the period. Affiance Financial LLC boosted its stake in shares of Pimco Municipal Income Fund III by 1.7% in the fourth quarter. Affiance Financial LLC now owns 48,618 shares of the investment management company’s stock worth $612,000 after acquiring an additional 818 shares during the period. Finally, Private Advisor Group LLC boosted its stake in shares of Pimco Municipal Income Fund III by 3.8% in the fourth quarter. Private Advisor Group LLC now owns 48,477 shares of the investment management company’s stock worth $610,000 after acquiring an additional 1,794 shares during the period.

Pimco Municipal Income Fund III Company Profile (NYSE:PMX)

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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