Advisors Asset Management Inc. Sells 9,069 Shares of PIMCO California Municipal Income Fund III (NYSE:PZC)

Advisors Asset Management Inc. decreased its position in PIMCO California Municipal Income Fund III (NYSE:PZC) by 1.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 506,891 shares of the investment management company’s stock after selling 9,069 shares during the quarter. Advisors Asset Management Inc.’s holdings in PIMCO California Municipal Income Fund III were worth $3,802,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Wolverine Asset Management LLC raised its position in PIMCO California Municipal Income Fund III by 5,134.2% in the 2nd quarter. Wolverine Asset Management LLC now owns 31,405 shares of the investment management company’s stock valued at $225,000 after buying an additional 30,805 shares during the last quarter. Logan Stone Capital LLC bought a new stake in shares of PIMCO California Municipal Income Fund III in the second quarter worth $83,000. Intellectus Partners LLC boosted its holdings in PIMCO California Municipal Income Fund III by 7.1% during the third quarter. Intellectus Partners LLC now owns 37,500 shares of the investment management company’s stock worth $282,000 after purchasing an additional 2,500 shares during the last quarter. Finally, Farther Finance Advisors LLC acquired a new position in PIMCO California Municipal Income Fund III during the third quarter worth $38,000.

PIMCO California Municipal Income Fund III Trading Up 0.4 %

Shares of PZC stock opened at $7.10 on Friday. The firm’s fifty day moving average price is $7.36 and its two-hundred day moving average price is $7.27. PIMCO California Municipal Income Fund III has a 1 year low of $6.90 and a 1 year high of $7.90.

PIMCO California Municipal Income Fund III Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, December 2nd. Investors of record on Tuesday, November 12th will be given a $0.0295 dividend. This represents a $0.35 dividend on an annualized basis and a dividend yield of 4.99%. The ex-dividend date is Tuesday, November 12th.

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.