United Capital Financial Advisers LLC Purchases Shares of 11,175 Pimco Municipal Income Fund III (PMX)

United Capital Financial Advisers LLC purchased a new position in shares of Pimco Municipal Income Fund III (NYSE:PMX) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 11,175 shares of the investment management company’s stock, valued at approximately $127,000.

Other hedge funds have also modified their holdings of the company. MML Investors Services LLC grew its stake in shares of Pimco Municipal Income Fund III by 39.6% during the fourth quarter. MML Investors Services LLC now owns 16,633 shares of the investment management company’s stock worth $193,000 after acquiring an additional 4,719 shares during the last quarter. We Are One Seven LLC purchased a new stake in shares of Pimco Municipal Income Fund III during the fourth quarter worth about $173,000. Ackerman Capital Advisors LLC purchased a new stake in shares of Pimco Municipal Income Fund III during the fourth quarter worth about $124,000. D.A. Davidson & CO. purchased a new stake in shares of Pimco Municipal Income Fund III during the first quarter worth about $206,000. Finally, Cambridge Investment Research Advisors Inc. purchased a new stake in shares of Pimco Municipal Income Fund III during the first quarter worth about $120,000.

Shares of PMX stock opened at $11.56 on Monday. Pimco Municipal Income Fund III has a fifty-two week low of $10.76 and a fifty-two week high of $12.28.

The company also recently announced a monthly dividend, which will be paid on Monday, July 2nd. Investors of record on Monday, June 11th will be issued a dividend of $0.0558 per share. This represents a $0.67 dividend on an annualized basis and a dividend yield of 5.79%. The ex-dividend date is Friday, June 8th.

About Pimco Municipal Income Fund III

PIMCO Municipal Income Fund III (the Fund) is a diversified, closed-end management investment company. The Fund’s primary investment objective is to seek current income exempt from federal income tax. The Fund invests approximately 90% of its net assets (and over 80% of its net assets plus any borrowings for investment purposes) 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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