Virtu Financial LLC Invests $86,000 in PIMCO California Municipal Income Fund III (NYSE:PZC)

Virtu Financial LLC bought a new stake in PIMCO California Municipal Income Fund III (NYSE:PZC) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 12,566 shares of the investment management company’s stock, valued at approximately $86,000.

Several other institutional investors and hedge funds have also recently modified their holdings of PZC. Advisors Asset Management Inc. lifted its position in shares of PIMCO California Municipal Income Fund III by 5.4% during the fourth quarter. Advisors Asset Management Inc. now owns 534,209 shares of the investment management company’s stock worth $3,670,000 after purchasing an additional 27,318 shares in the last quarter. Intellectus Partners LLC lifted its holdings in PIMCO California Municipal Income Fund III by 17.3% during the 4th quarter. Intellectus Partners LLC now owns 44,000 shares of the investment management company’s stock worth $304,000 after buying an additional 6,500 shares in the last quarter. Raymond James Financial Inc. purchased a new position in PIMCO California Municipal Income Fund III in the 4th quarter valued at approximately $338,000. Bank of New York Mellon Corp acquired a new position in shares of PIMCO California Municipal Income Fund III in the fourth quarter worth $249,000. Finally, Wolverine Asset Management LLC increased its position in shares of PIMCO California Municipal Income Fund III by 40.0% during the fourth quarter. Wolverine Asset Management LLC now owns 124,818 shares of the investment management company’s stock worth $857,000 after acquiring an additional 35,672 shares during the period.

PIMCO California Municipal Income Fund III Trading Down 0.8 %

Shares of NYSE PZC opened at $6.52 on Monday. The business’s fifty day simple moving average is $6.75 and its 200-day simple moving average is $7.02. PIMCO California Municipal Income Fund III has a 12-month low of $6.51 and a 12-month high of $7.67.

PIMCO California Municipal Income Fund III Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Thursday, March 13th will be given a dividend of $0.0295 per share. The ex-dividend date is Thursday, March 13th. This represents a $0.35 annualized dividend and a dividend yield of 5.43%.

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.