PIMCO California Municipal Income Fund III (NYSE:PZC) Stock Crosses Above 50-Day Moving Average of $7.12

PIMCO California Municipal Income Fund III (NYSE:PZC)’s share price passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $7.12 and traded as high as $7.24. PIMCO California Municipal Income Fund III shares last traded at $7.18, with a volume of 56,668 shares changing hands.

PIMCO California Municipal Income Fund III Stock Down 0.6 %

The company’s fifty day simple moving average is $7.12 and its two-hundred day simple moving average is $7.34.

PIMCO California Municipal Income Fund III Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, July 1st. Shareholders of record on Thursday, June 13th will be issued a $0.03 dividend. The ex-dividend date is Thursday, June 13th. This represents a $0.36 annualized dividend and a yield of 5.01%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Advisors Asset Management Inc. increased its holdings in shares of PIMCO California Municipal Income Fund III by 12.8% during the first quarter. Advisors Asset Management Inc. now owns 654,727 shares of the investment management company’s stock worth $4,969,000 after purchasing an additional 74,055 shares during the period. Hennion & Walsh Asset Management Inc. increased its stake in PIMCO California Municipal Income Fund III by 5.6% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 483,955 shares of the investment management company’s stock valued at $3,673,000 after acquiring an additional 25,453 shares during the last quarter. Raymond James & Associates increased its stake in 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 valued at $357,000 after acquiring an additional 14,000 shares during the last quarter. Wolverine Asset Management LLC bought a new position in PIMCO California Municipal Income Fund III in the fourth quarter valued at approximately $253,000. Finally, Spire Wealth Management bought a new position in PIMCO California Municipal Income Fund III in the fourth quarter valued at approximately $50,000.

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.