PIMCO California Municipal Income Fund III (NYSE:PZC) Share Price Passes Above 50-Day Moving Average of $7.27

PIMCO California Municipal Income Fund III (NYSE:PZC)’s share price crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $7.27 and traded as high as $7.32. PIMCO California Municipal Income Fund III shares last traded at $7.31, with a volume of 75,639 shares.

PIMCO California Municipal Income Fund III Price Performance

The company’s 50-day simple moving average is $7.27 and its 200 day simple moving average is $7.31.

PIMCO California Municipal Income Fund III Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Monday, August 12th were paid a $0.03 dividend. This is a boost from PIMCO California Municipal Income Fund III’s previous monthly dividend of $0.03. This represents a $0.36 annualized dividend and a dividend yield of 4.92%. The ex-dividend date of this dividend was Monday, August 12th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Hennion & Walsh Asset Management Inc. raised its position in PIMCO California Municipal Income Fund III by 5.6% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 483,955 shares of the investment management company’s stock valued at $3,673,000 after purchasing an additional 25,453 shares in the last quarter. Spire Wealth Management purchased a new stake in shares of PIMCO California Municipal Income Fund III during the fourth quarter worth approximately $50,000. Advisors Asset Management Inc. raised its holdings in PIMCO California Municipal Income Fund III by 12.8% in the first quarter. Advisors Asset Management Inc. now owns 654,727 shares of the investment management company’s stock valued at $4,969,000 after acquiring an additional 74,055 shares in the last quarter. Logan Stone Capital LLC acquired a new position in PIMCO California Municipal Income Fund III during the 2nd quarter worth approximately $83,000. Finally, Wolverine Asset Management LLC increased its position in shares of PIMCO California Municipal Income Fund III by 5,134.2% in the 2nd quarter. Wolverine Asset Management LLC now owns 31,405 shares of the investment management company’s stock valued at $225,000 after purchasing an additional 30,805 shares during the last quarter.

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.