Hennion & Walsh Asset Management Inc. Acquires 60,052 Shares of PIMCO Municipal Income Fund III (NYSE:PMX)

Hennion & Walsh Asset Management Inc. raised its holdings in PIMCO Municipal Income Fund III (NYSE:PMX) by 7.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 864,517 shares of the investment management company’s stock after purchasing an additional 60,052 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in PIMCO Municipal Income Fund III were worth $6,363,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of PMX. Plimoth Trust Co. LLC acquired a new position in shares of PIMCO Municipal Income Fund III during the third quarter worth approximately $84,000. Concorde Asset Management LLC acquired a new position in shares of PIMCO Municipal Income Fund III in the 3rd quarter valued at $91,000. Fortitude Family Office LLC bought a new stake in PIMCO Municipal Income Fund III in the third quarter valued at about $156,000. Integrated Capital Management Inc. lifted its stake in PIMCO Municipal Income Fund III by 7.8% in the fourth quarter. Integrated Capital Management Inc. now owns 25,387 shares of the investment management company’s stock valued at $187,000 after buying an additional 1,841 shares during the period. Finally, B. Riley Wealth Advisors Inc. boosted its holdings in PIMCO Municipal Income Fund III by 19.2% during the second quarter. B. Riley Wealth Advisors Inc. now owns 41,010 shares of the investment management company’s stock worth $325,000 after buying an additional 6,600 shares during the last quarter.

PIMCO Municipal Income Fund III Stock Up 1.3 %

Shares of PMX stock opened at $7.22 on Thursday. The stock has a 50-day moving average of $7.60 and a 200-day moving average of $7.85. PIMCO Municipal Income Fund III has a one year low of $7.02 and a one year high of $8.52.

PIMCO Municipal Income Fund III Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, February 3rd. Investors of record on Monday, January 13th will be paid a dividend of $0.033 per share. This represents a $0.40 annualized dividend and a yield of 5.48%. The ex-dividend date of this dividend is Monday, January 13th.

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.