PIMCO California Municipal Income Fund III (NYSE:PZC) Shares Sold by Guggenheim Capital LLC

Guggenheim Capital LLC reduced its position in PIMCO California Municipal Income Fund III (NYSE:PZC) by 14.4% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 466,918 shares of the investment management company’s stock after selling 78,337 shares during the quarter. Guggenheim Capital LLC’s holdings in PIMCO California Municipal Income Fund III were worth $3,208,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of PZC. Golden State Wealth Management LLC purchased a new position in PIMCO California Municipal Income Fund III during the fourth quarter worth about $29,000. Conrad Siegel Investment Advisors Inc. purchased a new position in shares of PIMCO California Municipal Income Fund III during the 4th quarter worth approximately $80,000. Virtu Financial LLC acquired a new stake in shares of PIMCO California Municipal Income Fund III in the 4th quarter valued at approximately $86,000. Wedbush Securities Inc. purchased a new stake in shares of PIMCO California Municipal Income Fund III in the fourth quarter valued at approximately $142,000. Finally, Beta Wealth Group Inc. acquired a new position in PIMCO California Municipal Income Fund III during the fourth quarter worth $142,000.

PIMCO California Municipal Income Fund III Stock Performance

Shares of NYSE PZC opened at $6.21 on Friday. PIMCO California Municipal Income Fund III has a one year low of $6.02 and a one year high of $7.65. The company’s fifty day moving average is $6.61 and its two-hundred day moving average is $6.90.

PIMCO California Municipal Income Fund III Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, May 1st. Investors of record on Friday, April 11th will be issued a dividend of $0.0295 per share. This represents a $0.35 dividend on an annualized basis and a yield of 5.70%. The ex-dividend date is Friday, April 11th.

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.