Fiera Capital Corp Sells 24,413 Shares of PIMCO Municipal Income Fund III (NYSE:PMX)

Fiera Capital Corp reduced its holdings in shares of PIMCO Municipal Income Fund III (NYSE:PMX) by 5.7% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 407,104 shares of the investment management company’s stock after selling 24,413 shares during the quarter. Fiera Capital Corp’s holdings in PIMCO Municipal Income Fund III were worth $2,915,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Raymond James Financial Inc. bought a new position in PIMCO Municipal Income Fund III in the fourth quarter valued at about $1,287,000. HighTower Advisors LLC raised its position in PIMCO Municipal Income Fund III by 35.0% in the fourth quarter. HighTower Advisors LLC now owns 32,756 shares of the investment management company’s stock valued at $241,000 after purchasing an additional 8,500 shares during the last quarter. LPL Financial LLC raised its position in PIMCO Municipal Income Fund III by 11.1% in the fourth quarter. LPL Financial LLC now owns 107,745 shares of the investment management company’s stock valued at $793,000 after purchasing an additional 10,772 shares during the last quarter. Landscape Capital Management L.L.C. bought a new position in PIMCO Municipal Income Fund III in the fourth quarter valued at about $113,000. Finally, Smith Moore & CO. raised its position in PIMCO Municipal Income Fund III by 53.8% in the fourth quarter. Smith Moore & CO. now owns 133,609 shares of the investment management company’s stock valued at $983,000 after purchasing an additional 46,724 shares during the last quarter.

PIMCO Municipal Income Fund III Trading Down 0.4%

PIMCO Municipal Income Fund III stock opened at $6.58 on Thursday. PIMCO Municipal Income Fund III has a 12 month low of $6.36 and a 12 month high of $8.52. The stock has a 50-day moving average price of $6.76 and a two-hundred day moving average price of $7.01.

PIMCO Municipal Income Fund III Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Thursday, July 24th. Shareholders of record on Friday, July 11th were given a $0.033 dividend. The ex-dividend date was Friday, July 11th. This represents a $0.40 annualized dividend and a yield of 6.02%.

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.