PIMCO California Municipal Income Fund III (NYSE:PZC) Position Increased by Advisors Asset Management Inc.

Advisors Asset Management Inc. raised its position in shares of PIMCO California Municipal Income Fund III (NYSE:PZC) by 5.4% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 534,209 shares of the investment management company’s stock after buying an additional 27,318 shares during the period. Advisors Asset Management Inc.’s holdings in PIMCO California Municipal Income Fund III were worth $3,670,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Golden State Wealth Management LLC acquired a new position in shares of PIMCO California Municipal Income Fund III in the 4th quarter valued at about $29,000. Conrad Siegel Investment Advisors Inc. acquired a new position in shares of PIMCO California Municipal Income Fund III in the 4th quarter valued at about $80,000. Beta Wealth Group Inc. acquired a new position in shares of PIMCO California Municipal Income Fund III in the 4th quarter valued at about $142,000. Bank of New York Mellon Corp acquired a new position in shares of PIMCO California Municipal Income Fund III in the 4th quarter valued at about $249,000. Finally, Intellectus Partners LLC increased its holdings in shares of PIMCO California Municipal Income Fund III by 17.3% in the 4th quarter. Intellectus Partners LLC now owns 44,000 shares of the investment management company’s stock valued at $304,000 after purchasing an additional 6,500 shares during the period.

PIMCO California Municipal Income Fund III Trading Up 1.1 %

Shares of PZC opened at $6.66 on Friday. PIMCO California Municipal Income Fund III has a fifty-two week low of $6.56 and a fifty-two week high of $7.86. The business’s 50-day moving average is $6.76 and its 200-day moving average is $7.06.

PIMCO California Municipal Income Fund III Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Thursday, March 13th will be issued a $0.0295 dividend. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $0.35 dividend on an annualized basis and a dividend yield of 5.32%.

PIMCO California Municipal Income Fund III 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.