PIMCO Municipal Income Fund III (NYSE:PMX) Shares Pass Below 200-Day Moving Average of $7.21

PIMCO Municipal Income Fund III (NYSE:PMX) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $7.21 and traded as low as $7.20. PIMCO Municipal Income Fund III shares last traded at $7.37, with a volume of 161,339 shares changing hands.

PIMCO Municipal Income Fund III Stock Performance

The company’s 50 day simple moving average is $7.49 and its two-hundred day simple moving average is $7.21.

PIMCO Municipal Income Fund III Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Thursday, April 11th will be given a dividend of $0.033 per share. The ex-dividend date of this dividend is Wednesday, April 10th. This represents a $0.40 annualized dividend and a dividend yield of 5.44%.

Institutional Trading of PIMCO Municipal Income Fund III

Several hedge funds have recently added to or reduced their stakes in PMX. UMB Bank n.a. acquired a new stake in PIMCO Municipal Income Fund III during the fourth quarter worth approximately $27,000. Robinson Capital Management LLC purchased a new position in PIMCO Municipal Income Fund III in the 1st quarter valued at $74,000. Cerity Partners LLC purchased a new position in PIMCO Municipal Income Fund III in the 1st quarter valued at $83,000. Private Advisor Group LLC purchased a new position in PIMCO Municipal Income Fund III in the 1st quarter valued at $111,000. Finally, Centurion Wealth Management LLC purchased a new position in PIMCO Municipal Income Fund III in the 3rd quarter valued at $82,000.

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.