Arlington Capital Management Inc. Has $223,000 Stock Holdings in PIMCO Municipal Income Fund III (NYSE:PMX)

Arlington Capital Management Inc. lifted its holdings in shares of PIMCO Municipal Income Fund III (NYSE:PMX) by 16.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 30,331 shares of the investment management company’s stock after acquiring an additional 4,235 shares during the period. Arlington Capital Management Inc.’s holdings in PIMCO Municipal Income Fund III were worth $223,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Raymond James Financial Inc. purchased a new position in PIMCO Municipal Income Fund III during the 4th quarter valued at about $1,287,000. Hennion & Walsh Asset Management Inc. boosted its holdings in shares of PIMCO Municipal Income Fund III by 7.5% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 864,517 shares of the investment management company’s stock valued at $6,363,000 after buying an additional 60,052 shares in the last quarter. Jane Street Group LLC purchased a new position in PIMCO Municipal Income Fund III during the third quarter valued at $361,000. Virtu Financial LLC purchased a new position in PIMCO Municipal Income Fund III in the 4th quarter worth approximately $199,000. Finally, Oregon Pacific Wealth Management LLC purchased a new position in PIMCO Municipal Income Fund III in the fourth quarter worth about $132,000.

PIMCO Municipal Income Fund III Price Performance

Shares of NYSE:PMX opened at $7.21 on Wednesday. The firm has a fifty day simple moving average of $7.36 and a two-hundred day simple moving average of $7.67. PIMCO Municipal Income Fund III has a 52 week low of $7.09 and a 52 week high of $8.52.

PIMCO Municipal Income Fund III Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Thursday, March 13th will be given a $0.033 dividend. The ex-dividend date is Thursday, March 13th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 5.49%.

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.