PIMCO California Municipal Income Fund III (NYSE:PZC) Stock Passes Below 200-Day Moving Average of $7.22

PIMCO California Municipal Income Fund III (NYSE:PZC) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $7.22 and traded as low as $6.95. PIMCO California Municipal Income Fund III shares last traded at $7.05, with a volume of 40,757 shares.

PIMCO California Municipal Income Fund III Stock Performance

The company’s fifty day moving average is $7.58 and its 200-day moving average is $7.22.

PIMCO California Municipal Income Fund III Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, May 1st. Investors of record on Thursday, April 11th will be issued a dividend of $0.0295 per share. This represents a $0.35 annualized dividend and a dividend yield of 5.02%. The ex-dividend date of this dividend is Wednesday, April 10th.

Institutional Trading of PIMCO California Municipal Income Fund III

Large investors have recently modified their holdings of the company. Bramshill Investments LLC bought a new stake in shares of PIMCO California Municipal Income Fund III during the 3rd quarter worth $104,000. Advisors Asset Management Inc. boosted its holdings in shares of PIMCO California Municipal Income Fund III by 4.8% during the 3rd quarter. Advisors Asset Management Inc. now owns 541,139 shares of the investment management company’s stock worth $3,707,000 after buying an additional 24,809 shares during the period. Raymond James & Associates bought a new stake in shares of PIMCO California Municipal Income Fund III during the 3rd quarter worth $236,000. Hennion & Walsh Asset Management Inc. boosted its holdings in shares of PIMCO California Municipal Income Fund III by 11.5% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 435,134 shares of the investment management company’s stock worth $2,981,000 after buying an additional 44,969 shares during the period. Finally, Susquehanna International Group LLP bought a new stake in PIMCO California Municipal Income Fund III in the 4th quarter valued at $131,000.

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.