Beta Wealth Group Inc. Invests $142,000 in PIMCO California Municipal Income Fund III (NYSE:PZC)

Beta Wealth Group Inc. bought a new position in shares of PIMCO California Municipal Income Fund III (NYSE:PZC) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 20,604 shares of the investment management company’s stock, valued at approximately $142,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Hennion & Walsh Asset Management Inc. lifted its holdings in shares of PIMCO California Municipal Income Fund III by 19.1% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 395,179 shares of the investment management company’s stock valued at $2,715,000 after purchasing an additional 63,236 shares during the last quarter. Wolverine Asset Management LLC raised its position in PIMCO California Municipal Income Fund III by 183.9% during the 3rd quarter. Wolverine Asset Management LLC now owns 89,146 shares of the investment management company’s stock worth $669,000 after buying an additional 57,741 shares during the last quarter. Landscape Capital Management L.L.C. boosted its holdings in PIMCO California Municipal Income Fund III by 15.8% in the 3rd quarter. Landscape Capital Management L.L.C. now owns 100,858 shares of the investment management company’s stock valued at $756,000 after purchasing an additional 13,750 shares in the last quarter. Conrad Siegel Investment Advisors Inc. acquired a new position in PIMCO California Municipal Income Fund III during the fourth quarter worth $80,000. Finally, Farther Finance Advisors LLC purchased a new position in shares of PIMCO California Municipal Income Fund III in the 3rd quarter valued at about $38,000.

PIMCO California Municipal Income Fund III Price Performance

Shares of NYSE PZC opened at $6.77 on Tuesday. The company’s 50-day moving average price is $6.81 and its 200 day moving average price is $7.14. PIMCO California Municipal Income Fund III has a 52 week low of $6.60 and a 52 week 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, March 3rd. Stockholders of record on Thursday, February 13th will be given a $0.0295 dividend. This represents a $0.35 annualized dividend and a dividend yield of 5.23%. The ex-dividend date is Thursday, February 13th.

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.