PIMCO California Municipal Income Fund III (NYSE:PZC) Shares Cross Below 200 Day Moving Average – What’s Next?

Shares of PIMCO California Municipal Income Fund III (NYSE:PZC) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $6.84 and traded as low as $6.29. PIMCO California Municipal Income Fund III shares last traded at $6.33, with a volume of 40,627 shares.

PIMCO California Municipal Income Fund III Stock Up 0.3 %

The stock has a fifty day simple moving average of $6.54 and a two-hundred day simple moving average of $6.84.

PIMCO California Municipal Income Fund III Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, May 1st. Investors of record on Friday, April 11th will be given a dividend of $0.0295 per share. The ex-dividend date of this dividend is Friday, April 11th. This represents a $0.35 annualized dividend and a dividend yield of 5.59%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of PZC. Golden State Wealth Management LLC purchased a new position in PIMCO California Municipal Income Fund III in the fourth quarter worth $29,000. Vanguard Capital Wealth Advisors purchased a new position in PIMCO California Municipal Income Fund III in the fourth quarter worth $69,000. Nomura Holdings Inc. purchased a new position in shares of PIMCO California Municipal Income Fund III during the 4th quarter valued at $69,000. Conrad Siegel Investment Advisors Inc. purchased a new position in shares of PIMCO California Municipal Income Fund III during the 4th quarter valued at $80,000. Finally, Virtu Financial LLC purchased a new stake in PIMCO California Municipal Income Fund III in the 4th quarter worth about $86,000.

About PIMCO California Municipal Income Fund III

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.