Hennion & Walsh Asset Management Inc. Has $3.67 Million Stock Holdings in PIMCO California Municipal Income Fund III (NYSE:PZC)

Hennion & Walsh Asset Management Inc. increased its position in PIMCO California Municipal Income Fund III (NYSE:PZC) by 5.6% in the first quarter, Holdings Channel.com reports. The firm owned 483,955 shares of the investment management company’s stock after acquiring an additional 25,453 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in PIMCO California Municipal Income Fund III were worth $3,673,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PZC. Spire Wealth Management bought a new position in shares of PIMCO California Municipal Income Fund III in the 4th quarter valued at about $50,000. Wolverine Asset Management LLC bought a new position in PIMCO California Municipal Income Fund III in the fourth quarter valued at approximately $253,000. Raymond James & Associates grew its holdings in PIMCO California Municipal Income Fund III by 40.6% during the 4th quarter. Raymond James & Associates now owns 48,500 shares of the investment management company’s stock worth $357,000 after acquiring an additional 14,000 shares during the period. Finally, Advisors Asset Management Inc. raised its position in shares of PIMCO California Municipal Income Fund III by 4.8% during the 3rd quarter. Advisors Asset Management Inc. now owns 541,139 shares of the investment management company’s stock valued at $3,707,000 after acquiring an additional 24,809 shares during the last quarter.

PIMCO California Municipal Income Fund III Stock Performance

NYSE:PZC opened at $7.18 on Friday. PIMCO California Municipal Income Fund III has a 12-month low of $6.30 and a 12-month high of $8.20. The stock’s fifty day simple moving average is $7.12 and its 200-day simple moving average is $7.34.

PIMCO California Municipal Income Fund III Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, July 1st. Stockholders of record on Thursday, June 13th will be paid a $0.03 dividend. The ex-dividend date is Thursday, June 13th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 5.01%.

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.