Ameriprise Financial Inc. increased its position in PIMCO Municipal Income Fund III (NYSE:PMX) by 38.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,767 shares of the investment management company’s stock after purchasing an additional 4,363 shares during the period. Ameriprise Financial Inc.’s holdings in PIMCO Municipal Income Fund III were worth $185,000 at the end of the most recent reporting period.

Separately, Allegis Investment Advisors LLC grew its stake in PIMCO Municipal Income Fund III by 15.3% in the second quarter. Allegis Investment Advisors LLC now owns 29,431 shares of the investment management company’s stock worth $345,000 after purchasing an additional 3,913 shares during the period.

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Shares of PIMCO Municipal Income Fund III (NYSE PMX) opened at $11.73 on Friday. PIMCO Municipal Income Fund III has a 12 month low of $10.90 and a 12 month high of $12.28.

The company also recently declared a monthly dividend, which will be paid on Friday, December 1st. Investors of record on Monday, November 13th will be paid a $0.0558 dividend. The ex-dividend date is Friday, November 10th. This represents a $0.67 annualized dividend and a yield of 5.70%.

PIMCO Municipal Income Fund III Company Profile

PIMCO Municipal Income Fund III (the Fund) is a diversified, closed-end management investment company. The Fund’s primary investment objective is to seek current income exempt from federal income tax. The Fund invests approximately 90% of its net assets (and over 80% of its net assets plus any borrowings for investment purposes) 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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