Pimco Municipal Income Fund III (NYSE:PMX) Stake Increased by Parisi Gray Wealth Management

Parisi Gray Wealth Management increased its holdings in Pimco Municipal Income Fund III (NYSE:PMX) by 5.3% during the first quarter, Holdings Channel reports. The institutional investor owned 40,220 shares of the investment management company’s stock after acquiring an additional 2,024 shares during the quarter. Parisi Gray Wealth Management’s holdings in Pimco Municipal Income Fund III were worth $505,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of PMX. Quad Cities Investment Group LLC purchased a new position in shares of Pimco Municipal Income Fund III in the 4th quarter valued at about $56,000. Winslow Evans & Crocker Inc. boosted its stake in shares of Pimco Municipal Income Fund III by 51.3% in the 1st quarter. Winslow Evans & Crocker Inc. now owns 11,800 shares of the investment management company’s stock valued at $150,000 after buying an additional 4,000 shares during the period. Cambridge Investment Research Advisors Inc. boosted its stake in shares of Pimco Municipal Income Fund III by 7.3% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 14,507 shares of the investment management company’s stock valued at $162,000 after buying an additional 985 shares during the period. Cetera Investment Advisers boosted its stake in shares of Pimco Municipal Income Fund III by 24.8% in the 4th quarter. Cetera Investment Advisers now owns 19,096 shares of the investment management company’s stock valued at $212,000 after buying an additional 3,800 shares during the period. Finally, MML Investors Services LLC lifted its stake in Pimco Municipal Income Fund III by 32.5% during the first quarter. MML Investors Services LLC now owns 19,967 shares of the investment management company’s stock worth $251,000 after purchasing an additional 4,902 shares during the last quarter.

PMX stock traded up $0.01 during trading on Friday, hitting $12.44. 5,905 shares of the company’s stock were exchanged, compared to its average volume of 63,179. Pimco Municipal Income Fund III has a 52-week low of $10.76 and a 52-week high of $13.00.

The firm also recently announced a monthly dividend, which will be paid on Monday, July 1st. Investors of record on Thursday, June 13th will be paid a dividend of $0.051 per share. This represents a $0.61 annualized dividend and a yield of 4.92%. The ex-dividend date of this dividend is Wednesday, June 12th.

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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.

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Institutional Ownership by Quarter for Pimco Municipal Income Fund III (NYSE:PMX)

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