Nomura Holdings Inc. acquired a new position in shares of PIMCO Municipal Income Fund III (NYSE:PMX – Free Report) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 32,200 shares of the investment management company’s stock, valued at approximately $237,000.
Other institutional investors have also added to or reduced their stakes in the company. Wolverine Asset Management LLC acquired a new position in PIMCO Municipal Income Fund III during the 4th quarter worth approximately $67,000. Citadel Advisors LLC acquired a new position in PIMCO Municipal Income Fund III during the 4th quarter worth approximately $80,000. Two Sigma Securities LLC acquired a new position in PIMCO Municipal Income Fund III during the 4th quarter worth approximately $80,000. Logan Stone Capital LLC acquired a new position in PIMCO Municipal Income Fund III during the 4th quarter worth approximately $87,000. Finally, Permanent Capital Management LP acquired a new position in PIMCO Municipal Income Fund III during the 4th quarter worth approximately $92,000.
PIMCO Municipal Income Fund III Trading Up 0.1%
PMX stock opened at $6.77 on Friday. The company has a 50 day simple moving average of $6.91 and a 200 day simple moving average of $7.30. PIMCO Municipal Income Fund III has a 1 year low of $6.37 and a 1 year high of $8.52.
PIMCO Municipal Income Fund III Announces Dividend
PIMCO Municipal Income Fund III 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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