PIMCO California Municipal Income Fund III (NYSE:PZC) Stock Passes Below 200 Day Moving Average – Should You Sell?

PIMCO California Municipal Income Fund III (NYSE:PZC) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $7.07 and traded as low as $6.59. PIMCO California Municipal Income Fund III shares last traded at $6.60, with a volume of 89,197 shares traded.

PIMCO California Municipal Income Fund III Price Performance

The business has a 50 day moving average price of $6.77 and a 200-day moving average price of $7.07.

PIMCO California Municipal Income Fund III Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Thursday, March 13th will be paid a $0.0295 dividend. This represents a $0.35 dividend on an annualized basis and a dividend yield of 5.37%. The ex-dividend date of this dividend is Thursday, March 13th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Golden State Wealth Management LLC acquired a new position in shares of PIMCO California Municipal Income Fund III in the 4th quarter valued at about $29,000. Vanguard Capital Wealth Advisors acquired a new position in shares of PIMCO California Municipal Income Fund III in the 4th quarter valued at about $69,000. Nomura Holdings Inc. acquired a new position in shares of PIMCO California Municipal Income Fund III in the 4th quarter valued at about $69,000. Conrad Siegel Investment Advisors Inc. acquired a new position in shares of PIMCO California Municipal Income Fund III in the 4th quarter valued at about $80,000. Finally, Virtu Financial LLC acquired a new position in shares of PIMCO California Municipal Income Fund III in the 4th quarter valued at about $86,000.

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.