PIMCO Municipal Income Fund III (PMX)
PIMCO Municipal Income Fund III operates in the Asset Management - Income industry of the Financial Services sector, headquartered in Newport Beach, CA, US. The stock last traded at $6.68, up 1.06% on the session, giving a market capitalisation of $223.4M. On trailing twelve-month figures it carries a trailing P/E of -66.93, a net margin of -5.0%. Its beta of 0.88 implies it has historically moved less than the broad market.
The PIMCO Municipal Income Fund III is a closed-ended investment vehicle managed by Pacific Investment Management Company LLC (PIMCO), concentrating on fixed-income securities. Established on October 31, 2002, and domiciled in the United States, its principal strategy involves allocating capital primarily to American municipal bonds. A key feature of these bonds is that their interest earnings are exempt from federal income tax. While predominantly focused on the domestic fixed-income market and municipal debt, the fund also seeks opportunities to invest in equities of companies operating across diverse sectors.
PIMCO Municipal Income Fund III is most often compared with the following Financial Services names: