Gill Capital Partners LLC Has $2.77 Million Stock Holdings in PIMCO Municipal Income Fund III (NYSE:PMX)

Gill Capital Partners LLC trimmed its position in shares of PIMCO Municipal Income Fund III (NYSE:PMX) by 10.4% in the 4th quarter, according to the company in its most recent Form 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 comprises approximately 1.0% of Gill Capital Partners LLC’s portfolio, making the stock its 28th biggest holding. Gill Capital Partners LLC’s holdings in PIMCO Municipal Income Fund III were worth $2,766,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of PMX. Hennion & Walsh Asset Management Inc. boosted its position in PIMCO Municipal Income Fund III by 67.3% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 804,465 shares of the investment management company’s stock worth $6,645,000 after purchasing an additional 323,484 shares during the period. Advisors Asset Management Inc. increased its position in PIMCO Municipal Income Fund III by 16.2% in the 3rd quarter. Advisors Asset Management Inc. now owns 641,135 shares of the investment management company’s stock worth $5,296,000 after buying an additional 89,512 shares during the period. Palumbo Wealth Management LLC bought a new position in PIMCO Municipal Income Fund III during the third quarter worth $484,000. Jane Street Group LLC acquired a new position in PIMCO Municipal Income Fund III during the 3rd quarter valued at $361,000. Finally, Fortitude Family Office LLC acquired a new stake in PIMCO Municipal Income Fund III in the 3rd quarter worth $156,000.

PIMCO Municipal Income Fund III Trading Up 0.5 %

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

PIMCO Municipal Income Fund III Dividend Announcement

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

About PIMCO Municipal Income Fund III

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.