Pimco CA Muni. Income Fund III (NYSE:PZC) Stock Passes Above Fifty Day Moving Average of $11.28

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Pimco CA Muni. Income Fund III (NYSE:PZC)’s stock price crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $11.28 and traded as high as $11.37. Pimco CA Muni. Income Fund III shares last traded at $11.37, with a volume of 200 shares.

The business has a fifty day moving average price of $11.28 and a 200 day moving average price of $11.31.

The firm also recently announced a monthly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Thursday, February 13th will be given a dividend of $0.038 per share. This represents a $0.46 annualized dividend and a dividend yield of 4.01%. The ex-dividend date of this dividend is Wednesday, February 12th.

A number of hedge funds have recently added to or reduced their stakes in the business. Wedbush Securities Inc. lifted its holdings in shares of Pimco CA Muni. Income Fund III by 1.7% in the 4th quarter. Wedbush Securities Inc. now owns 118,217 shares of the investment management company’s stock valued at $1,349,000 after purchasing an additional 2,000 shares during the last quarter. UBS Group AG grew its stake in Pimco CA Muni. Income Fund III by 4.8% during the 4th quarter. UBS Group AG now owns 83,464 shares of the investment management company’s stock worth $952,000 after buying an additional 3,785 shares during the last quarter. Bank of America Corp DE increased its position in Pimco CA Muni. Income Fund III by 11.7% during the fourth quarter. Bank of America Corp DE now owns 40,151 shares of the investment management company’s stock worth $458,000 after buying an additional 4,201 shares during the period. Epstein & White Financial LLC acquired a new position in Pimco CA Muni. Income Fund III during the fourth quarter worth approximately $133,000. Finally, Commonwealth Equity Services LLC lifted its stake in Pimco CA Muni. Income Fund III by 35.3% in the third quarter. Commonwealth Equity Services LLC now owns 51,221 shares of the investment management company’s stock valued at $574,000 after buying an additional 13,366 shares during the last quarter.

About Pimco CA Muni. Income Fund III (NYSE:PZC)

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.

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