Landscape Capital Management L.L.C. Boosts Holdings in PIMCO California Municipal Income Fund III (NYSE:PZC)

Landscape Capital Management L.L.C. increased its position in shares of PIMCO California Municipal Income Fund III (NYSE:PZC) by 15.8% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 100,858 shares of the investment management company’s stock after buying an additional 13,750 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in PIMCO California Municipal Income Fund III were worth $756,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in PZC. Intellectus Partners LLC raised its position in PIMCO California Municipal Income Fund III by 7.1% in the third quarter. Intellectus Partners LLC now owns 37,500 shares of the investment management company’s stock valued at $282,000 after purchasing an additional 2,500 shares during the period. Farther Finance Advisors LLC purchased a new stake in PIMCO California Municipal Income Fund III in the 3rd quarter valued at about $38,000. Logan Stone Capital LLC acquired a new position in PIMCO California Municipal Income Fund III in the second quarter valued at about $83,000. Finally, Wolverine Asset Management LLC lifted its position in PIMCO California Municipal Income Fund III by 5,134.2% in the second 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.

PIMCO California Municipal Income Fund III Stock Performance

Shares of PZC opened at $7.07 on Friday. The firm has a 50-day simple moving average of $7.35 and a two-hundred day simple moving average of $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 company also recently announced a monthly dividend, which will be paid on Monday, December 2nd. Shareholders 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 yield of 5.01%. The ex-dividend date is Tuesday, November 12th.

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.