PIMCO Municipal Income Fund III (NYSE:PMX) Shares Acquired by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. increased its position in PIMCO Municipal Income Fund III (NYSE:PMXFree Report) by 38.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 34,410 shares of the investment management company’s stock after buying an additional 9,570 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in PIMCO Municipal Income Fund III were worth $224,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Rivernorth Capital Management LLC lifted its holdings in shares of PIMCO Municipal Income Fund III by 100.9% during the second quarter. Rivernorth Capital Management LLC now owns 1,066,114 shares of the investment management company’s stock valued at $8,582,000 after purchasing an additional 535,449 shares during the last quarter. Guggenheim Capital LLC lifted its holdings in shares of PIMCO Municipal Income Fund III by 0.9% during the second quarter. Guggenheim Capital LLC now owns 729,805 shares of the investment management company’s stock valued at $5,875,000 after purchasing an additional 6,333 shares during the last quarter. UBS Group AG lifted its holdings in shares of PIMCO Municipal Income Fund III by 82.9% during the first quarter. UBS Group AG now owns 570,368 shares of the investment management company’s stock valued at $5,915,000 after purchasing an additional 258,533 shares during the last quarter. Morgan Stanley lifted its holdings in shares of PIMCO Municipal Income Fund III by 115.8% during the fourth quarter. Morgan Stanley now owns 374,853 shares of the investment management company’s stock valued at $3,265,000 after purchasing an additional 201,139 shares during the last quarter. Finally, Van ECK Associates Corp lifted its holdings in shares of PIMCO Municipal Income Fund III by 47.4% during the third quarter. Van ECK Associates Corp now owns 190,524 shares of the investment management company’s stock valued at $1,233,000 after purchasing an additional 61,251 shares during the last quarter.

PIMCO Municipal Income Fund III Stock Down 0.1 %

Shares of NYSE PMX opened at $7.58 on Monday. PIMCO Municipal Income Fund III has a 12 month low of $6.09 and a 12 month high of $8.47. The business has a fifty day simple moving average of $7.45 and a 200-day simple moving average of $7.15.

PIMCO Municipal Income Fund III Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, April 1st. Investors of record on Monday, March 11th will be given a dividend of $0.033 per share. This represents a $0.40 annualized dividend and a yield of 5.22%. The ex-dividend date of this dividend is Friday, March 8th.

PIMCO Municipal Income Fund III Profile

(Free Report)

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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Institutional Ownership by Quarter for PIMCO Municipal Income Fund III (NYSE:PMX)

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