PIMCO California Municipal Income Fund III (NYSE:PZC) Share Price Passes Below Two Hundred Day Moving Average of $7.34

Shares of PIMCO California Municipal Income Fund III (NYSE:PZCGet Free Report) passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $7.34 and traded as low as $6.99. PIMCO California Municipal Income Fund III shares last traded at $7.02, with a volume of 80,866 shares traded.

PIMCO California Municipal Income Fund III Stock Up 0.3 %

The business’s 50 day moving average price is $7.19 and its two-hundred day moving average price is $7.34.

PIMCO California Municipal Income Fund III Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, June 3rd. Stockholders of record on Monday, May 13th were given a dividend of $0.03 per share. This is a positive change from PIMCO California Municipal Income Fund III’s previous monthly dividend of $0.03. The ex-dividend date was Friday, May 10th. This represents a $0.36 annualized dividend and a dividend yield of 5.13%.

Institutional Investors Weigh In On PIMCO California Municipal Income Fund III

Several large investors have recently modified their holdings of the stock. Spire Wealth Management acquired a new stake in PIMCO California Municipal Income Fund III during the fourth quarter valued at $50,000. Raymond James & Associates grew its stake in shares of PIMCO California Municipal Income Fund III by 40.6% in the fourth quarter. Raymond James & Associates now owns 48,500 shares of the investment management company’s stock worth $357,000 after acquiring an additional 14,000 shares during the last quarter. Bramshill Investments LLC bought a new stake in shares of PIMCO California Municipal Income Fund III in the third quarter valued at about $104,000. Advisors Asset Management Inc. grew 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 purchasing an additional 24,809 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. lifted its holdings in shares of PIMCO California Municipal Income Fund III by 5.6% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 483,955 shares of the investment management company’s stock worth $3,673,000 after acquiring an additional 25,453 shares during the period.

PIMCO California Municipal Income Fund III Company Profile

(Get Free Report)

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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