Pimco Municipal Income Fund III (NYSE:PMX) Institutional Investor Positioning

August 16, 2018 - By Richard Doty

Sentiment for Pimco Municipal Income Fund III (NYSE:PMX)

Pimco Municipal Income Fund III (NYSE:PMX) institutional sentiment decreased to 0.82 in Q1 2018. Its down -1.58, from 2.4 in 2017Q4. The ratio has dropped, as 9 institutional investors increased and started new positions, while 11 reduced and sold their stakes in Pimco Municipal Income Fund III. The institutional investors in our partner’s database reported: 990,844 shares, down from 1.00 million shares in 2017Q4. Also, the number of institutional investors holding Pimco Municipal Income Fund III in their top 10 positions was flat from 0 to 0 for the same number . Sold All: 3 Reduced: 8 Increased: 5 New Position: 4.

The stock decreased 0.17% or $0.02 during the last trading session, reaching $11.52. About 73,728 shares traded or 45.11% up from the average. PIMCO Municipal Income Fund III (NYSE:PMX) has declined 1.30% since August 16, 2017 and is downtrending. It has underperformed by 13.87% the S&P500.

Benjamin F. Edwards & Company Inc. holds 0.08% of its portfolio in PIMCO Municipal Income Fund III for 69,956 shares. Segment Wealth Management Llc owns 13,000 shares or 0.04% of their US portfolio. Moreover, Bokf Na has 0.03% invested in the company for 83,118 shares. The New York-based M&R Capital Management Inc has invested 0.03% in the stock. First Foundation Advisors, a California-based fund reported 23,979 shares.

Another recent and important PIMCO Municipal Income Fund III (NYSE:PMX) news was published by Nasdaq.com which published an article titled: “PIMCO Municipal Closed-End Funds Announce Intention to Conduct Tender Offers for Auction Rate Preferred Shares” on July 21, 2018.

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