Guggenheim Capital LLC Purchases 86,535 Shares of PIMCO Municipal Income Fund III (NYSE:PMX)

Guggenheim Capital LLC boosted its position in shares of PIMCO Municipal Income Fund III (NYSE:PMX) by 13.5% in the fourth quarter, Holdings Channel reports. The fund owned 726,528 shares of the investment management company’s stock after acquiring an additional 86,535 shares during the period. Guggenheim Capital LLC’s holdings in PIMCO Municipal Income Fund III were worth $5,347,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of PMX. Hennion & Walsh Asset Management Inc. boosted its stake in PIMCO Municipal Income Fund III by 7.5% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 864,517 shares of the investment management company’s stock valued at $6,363,000 after purchasing an additional 60,052 shares during the period. Wells Fargo & Company MN increased its position in PIMCO Municipal Income Fund III by 67.1% during the fourth quarter. Wells Fargo & Company MN now owns 534,268 shares of the investment management company’s stock worth $3,932,000 after acquiring an additional 214,591 shares during the period. Van ECK Associates Corp raised its stake in PIMCO Municipal Income Fund III by 6.7% during the 4th quarter. Van ECK Associates Corp now owns 176,973 shares of the investment management company’s stock valued at $1,303,000 after purchasing an additional 11,126 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in PIMCO Municipal Income Fund III in the 4th quarter worth $1,287,000. Finally, Envestnet Asset Management Inc. increased its holdings in shares of PIMCO Municipal Income Fund III by 3.1% during the 4th quarter. Envestnet Asset Management Inc. now owns 137,326 shares of the investment management company’s stock worth $1,011,000 after purchasing an additional 4,097 shares during the period.

PIMCO Municipal Income Fund III Price Performance

PMX stock opened at $6.73 on Friday. PIMCO Municipal Income Fund III has a twelve month low of $6.37 and a twelve month high of $8.52. The business’s 50-day simple moving average is $7.17 and its 200 day simple moving average is $7.51.

PIMCO Municipal Income Fund III Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, May 1st. Investors of record on Friday, April 11th will be paid a $0.033 dividend. The ex-dividend date is Friday, April 11th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 5.89%.

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.