Raymond James & Associates lifted its position in PIMCO California Municipal Income Fund III (NYSE:PZC – Free Report) by 40.6% during the 4th quarter, HoldingsChannel reports. The firm owned 48,500 shares of the investment management company’s stock after acquiring an additional 14,000 shares during the quarter. Raymond James & Associates’ holdings in PIMCO California Municipal Income Fund III were worth $357,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. Hennion & Walsh Asset Management Inc. increased its stake in PIMCO California Municipal Income Fund III by 11.5% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 435,134 shares of the investment management company’s stock worth $2,981,000 after acquiring an additional 44,969 shares during the last quarter. Bramshill Investments LLC purchased a new stake in shares of PIMCO California Municipal Income Fund III in the third quarter valued at approximately $104,000. Finally, Advisors Asset Management Inc. boosted its holdings in shares of PIMCO California Municipal Income Fund III by 4.8% in the third quarter. Advisors Asset Management Inc. now owns 541,139 shares of the investment management company’s stock valued at $3,707,000 after purchasing an additional 24,809 shares during the period.
PIMCO California Municipal Income Fund III Trading Up 0.4 %
Shares of NYSE PZC opened at $7.06 on Monday. The stock has a 50 day moving average price of $7.50 and a 200 day moving average price of $7.24. PIMCO California Municipal Income Fund III has a 52-week low of $6.30 and a 52-week high of $8.20.
PIMCO California Municipal Income Fund III Cuts Dividend
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.
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