PIMCO California Municipal Income Fund III (NYSE:PZC) Stock Price Crosses Below Two Hundred Day Moving Average – Time to Sell?

PIMCO California Municipal Income Fund III (NYSE:PZC)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $7.23 and traded as low as $6.72. PIMCO California Municipal Income Fund III shares last traded at $6.72, with a volume of 118,575 shares changing hands.

PIMCO California Municipal Income Fund III Price Performance

The business has a 50-day simple moving average of $7.02 and a 200 day simple moving average of $7.23.

PIMCO California Municipal Income Fund III Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, February 3rd. Investors of record on Monday, January 13th will be issued a $0.0295 dividend. This represents a $0.35 annualized dividend and a yield of 5.27%. The ex-dividend date of this dividend is Monday, January 13th.

Institutional Trading of PIMCO California Municipal Income Fund III

Several institutional investors and hedge funds have recently modified their holdings of PZC. Farther Finance Advisors LLC purchased a new stake in PIMCO California Municipal Income Fund III during the 3rd quarter valued at approximately $38,000. Logan Stone Capital LLC bought a new position in shares of PIMCO California Municipal Income Fund III during the second quarter worth $83,000. Intellectus Partners LLC grew its stake in PIMCO California Municipal Income Fund III by 7.1% during the third quarter. Intellectus Partners LLC now owns 37,500 shares of the investment management company’s stock valued at $282,000 after acquiring an additional 2,500 shares in the last quarter. Wolverine Asset Management LLC lifted its stake in PIMCO California Municipal Income Fund III by 183.9% in the 3rd quarter. Wolverine Asset Management LLC now owns 89,146 shares of the investment management company’s stock worth $669,000 after purchasing an additional 57,741 shares in the last quarter. Finally, Landscape Capital Management L.L.C. boosted its holdings in shares of PIMCO California Municipal Income Fund III by 15.8% during the 3rd quarter. Landscape Capital Management L.L.C. now owns 100,858 shares of the investment management company’s stock valued at $756,000 after purchasing an additional 13,750 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.