Robinson Capital Management LLC raised its position in PIMCO New York Municipal Income Fund III (NYSE:PNI) by 40.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 104,712 shares of the company’s stock after purchasing an additional 30,277 shares during the quarter. Robinson Capital Management LLC’s holdings in PIMCO New York Municipal Income Fund III were worth $1,264,000 as of its most recent SEC filing.

Separately, Family Management Corp purchased a new stake in PIMCO New York Municipal Income Fund III in the third quarter valued at approximately $174,000.

NYSE PNI traded up $0.04 on Friday, reaching $12.28. The stock had a trading volume of 16,640 shares, compared to its average volume of 15,963. PIMCO New York Municipal Income Fund III has a 12-month low of $11.03 and a 12-month high of $12.60. The company’s fifty day moving average price is $12.22.

The company also recently announced a monthly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Thursday, February 13th will be given a $0.04 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 3.91%. The ex-dividend date of this dividend is Wednesday, February 12th.

About PIMCO New York Municipal Income Fund III

PIMCO New York Municipal Income Fund II is a closed-ended fixed income mutual fund launched and managed by Pacific Investment Management Company LLC. It invests in the fixed income markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in municipal bonds that pay interest that is exempt from federal, New York State, and New York City income tax.

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Institutional Ownership by Quarter for PIMCO New York Municipal Income Fund III (NYSE:PNI)

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