PIMCO Municipal Income Fund III (NYSE:PMX) Shares Sold by Gill Capital Partners LLC

Gill Capital Partners LLC trimmed its position in shares of PIMCO Municipal Income Fund III (NYSE:PMX) by 10.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 375,760 shares of the investment management company’s stock after selling 43,584 shares during the period. PIMCO Municipal Income Fund III makes up 1.0% of Gill Capital Partners LLC’s portfolio, making the stock its 28th biggest position. Gill Capital Partners LLC’s holdings in PIMCO Municipal Income Fund III were worth $2,766,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Integrated Capital Management Inc. lifted its position in shares of PIMCO Municipal Income Fund III by 7.8% during the fourth quarter. Integrated Capital Management Inc. now owns 25,387 shares of the investment management company’s stock worth $187,000 after purchasing an additional 1,841 shares during the last quarter. B. Riley Wealth Advisors Inc. grew its position in PIMCO Municipal Income Fund III by 19.2% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 41,010 shares of the investment management company’s stock worth $325,000 after purchasing an additional 6,600 shares during the last quarter. Commonwealth Equity Services LLC increased its position in PIMCO Municipal Income Fund III by 17.8% in the 2nd quarter. Commonwealth Equity Services LLC now owns 44,446 shares of the investment management company’s stock valued at $350,000 after acquiring an additional 6,704 shares during the period. Park Avenue Securities LLC raised its stake in shares of PIMCO Municipal Income Fund III by 6.3% during the fourth quarter. Park Avenue Securities LLC now owns 126,068 shares of the investment management company’s stock valued at $928,000 after purchasing an additional 7,490 shares in the last quarter. Finally, Plimoth Trust Co. LLC acquired a new stake in PIMCO Municipal Income Fund III in the third quarter worth about $84,000.

PIMCO Municipal Income Fund III Stock Up 0.5 %

Shares of NYSE:PMX opened at $7.28 on Friday. The company has a 50 day moving average of $7.56 and a 200-day moving average of $7.84. PIMCO Municipal Income Fund III has a twelve month low of $7.02 and a twelve month high of $8.52.

PIMCO Municipal Income Fund III Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Monday, January 13th will be issued a $0.033 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 5.44%. The ex-dividend date of this dividend is Monday, January 13th.

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.