Gill Capital Partners LLC Sells 1,830 Shares of PIMCO Municipal Income Fund III (NYSE:PMX)

Gill Capital Partners LLC cut its holdings in shares of PIMCO Municipal Income Fund III (NYSE:PMX) by 0.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 419,344 shares of the investment management company’s stock after selling 1,830 shares during the quarter. PIMCO Municipal Income Fund III accounts for 1.2% of Gill Capital Partners LLC’s holdings, making the stock its 24th largest position. Gill Capital Partners LLC’s holdings in PIMCO Municipal Income Fund III were worth $3,464,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in PMX. Park Avenue Securities LLC increased its stake in PIMCO Municipal Income Fund III by 1.8% in the second quarter. Park Avenue Securities LLC now owns 124,251 shares of the investment management company’s stock valued at $979,000 after acquiring an additional 2,252 shares during the last quarter. Integrated Capital Management Inc. grew its stake in shares of PIMCO Municipal Income Fund III by 12.2% during the second quarter. Integrated Capital Management Inc. now owns 24,455 shares of the investment management company’s stock worth $193,000 after buying an additional 2,652 shares during the last quarter. HBC Financial Services PLLC bought a new stake in shares of PIMCO Municipal Income Fund III during the first quarter worth $44,000. B. Riley Wealth Advisors Inc. lifted its holdings in shares of PIMCO Municipal Income Fund III by 19.2% during the second 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 period. Finally, Commonwealth Equity Services LLC lifted its holdings in shares of PIMCO Municipal Income Fund III by 17.8% during the second quarter. Commonwealth Equity Services LLC now owns 44,446 shares of the investment management company’s stock worth $350,000 after purchasing an additional 6,704 shares during the period.

PIMCO Municipal Income Fund III Trading Down 0.2 %

Shares of NYSE:PMX opened at $8.24 on Wednesday. The firm’s fifty day moving average is $8.02 and its 200-day moving average is $7.73. PIMCO Municipal Income Fund III has a 52 week low of $6.09 and a 52 week high of $8.52.

PIMCO Municipal Income Fund III Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, November 1st. Shareholders of record on Friday, October 11th will be paid a $0.033 dividend. This represents a $0.40 annualized dividend and a yield of 4.81%. The ex-dividend date is Friday, October 11th.

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.