PIMCO California Municipal Income Fund III (NYSE:PZC) Shares Acquired by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. lifted its holdings in shares of PIMCO California Municipal Income Fund III (NYSE:PZC) by 7.4% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 50,228 shares of the investment management company’s stock after buying an additional 3,471 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in PIMCO California Municipal Income Fund III were worth $387,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Intellectus Partners LLC lifted its position in PIMCO California Municipal Income Fund III by 25.4% in the first quarter. Intellectus Partners LLC now owns 33,323 shares of the investment management company’s stock valued at $259,000 after purchasing an additional 6,757 shares during the period. Rivernorth Capital Management LLC acquired a new stake in shares of PIMCO California Municipal Income Fund III during the 1st quarter valued at approximately $376,000. Bank of America Corp DE lifted its position in shares of PIMCO California Municipal Income Fund III by 11.7% during the 4th quarter. Bank of America Corp DE now owns 43,617 shares of the investment management company’s stock valued at $364,000 after acquiring an additional 4,552 shares during the period. Susquehanna International Group LLP lifted its position in shares of PIMCO California Municipal Income Fund III by 157.7% during the 1st quarter. Susquehanna International Group LLP now owns 40,565 shares of the investment management company’s stock valued at $315,000 after acquiring an additional 24,825 shares during the period. Finally, Cerity Partners LLC acquired a new stake in shares of PIMCO California Municipal Income Fund III during the 1st quarter valued at approximately $194,000.

PIMCO California Municipal Income Fund III Price Performance

Shares of PZC opened at $6.66 on Friday. The firm has a 50 day simple moving average of $6.97 and a 200-day simple moving average of $7.49. PIMCO California Municipal Income Fund III has a 1-year low of $6.30 and a 1-year high of $8.80.

PIMCO California Municipal Income Fund III Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, November 1st. Stockholders of record on Thursday, October 12th were paid a dividend of $0.03 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 5.41%. This is a boost from PIMCO California Municipal Income Fund III’s previous monthly dividend of $0.03. The ex-dividend date of this dividend was Wednesday, October 11th.

PIMCO California Municipal Income Fund III Company Profile

PIMCO California Municipal Income Fund III is a closed ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. It is co-managed by Pacific Investment Management Company LLC. The fund invests in fixed income markets. It seeks to invest in stocks of companies operating across diversified sectors.