Robinson Capital Management buys $4,374,286 stake in Pimco Municipal Income Fund III (PMX)

Pimco Municipal Income Fund III (PMX) : Robinson Capital Management scooped up 118,204 additional shares in Pimco Municipal Income Fund III during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 339,355 shares of Pimco Municipal Income Fund III which is valued at $4,374,286.Pimco Municipal Income Fund III makes up approximately 3.09% of Robinson Capital Management’s portfolio.

Other Hedge Funds, Including , Lpl Financial reduced its stake in PMX by selling 192,037 shares or 59.0% in the most recent quarter. The Hedge Fund company now holds 133,423 shares of PMX which is valued at $1,719,822. Pimco Municipal Income Fund III makes up approx 0.01% of Lpl Financial’s portfolio. Cetera Advisor Networks added PMX to its portfolio by purchasing 14,038 company shares during the most recent quarter which is valued at $180,950. Pimco Municipal Income Fund III makes up approx 0.01% of Cetera Advisor Networks’s portfolio. Rmb Capital Management sold out all of its stake in PMX during the most recent quarter. The investment firm sold 11,494 shares of PMX which is valued $148,617.Msi Financial Services Inc reduced its stake in PMX by selling 7,268 shares or 41.56% in the most recent quarter. The Hedge Fund company now holds 10,221 shares of PMX which is valued at $132,362.

Pimco Municipal Income Fund III opened for trading at $12.73 and hit $12.769 on the upside on Thursday, eventually ending the session at $12.76, with a gain of 0.08% or 0.01 points. The heightened volatility saw the trading volume jump to 66,356 shares. Company has a market cap of $368 M.

PIMCO California Municipal Income Fund III is a non-diversified closed-end management investment company. The Fund’s investment Objective is to provide current income exempt from federal and California income tax. The fund normally invests at least 90% of its net assets and at least 80% of its net assets plus any borrowings for investment purposes in municipal bonds that pay interest that is exempt from federal and California income tax. Pacific Investment Management Company LLC (PIMCO) serves as the Funds’ investment manager.

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