5,000 Shares in PIMCO California Municipal Income Fund III (NYSE:PZC) Purchased by Farther Finance Advisors LLC

Farther Finance Advisors LLC acquired a new stake in shares of PIMCO California Municipal Income Fund III (NYSE:PZC) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,000 shares of the investment management company’s stock, valued at approximately $38,000.

Other institutional investors have also modified their holdings of the company. Logan Stone Capital LLC bought a new position in PIMCO California Municipal Income Fund III in the 2nd quarter valued at $83,000. Wolverine Asset Management LLC grew its holdings in shares of PIMCO California Municipal Income Fund III by 5,134.2% in the second quarter. Wolverine Asset Management LLC now owns 31,405 shares of the investment management company’s stock worth $225,000 after purchasing an additional 30,805 shares during the last quarter. Finally, Advisors Asset Management Inc. increased its stake in PIMCO California Municipal Income Fund III by 12.8% in the 1st quarter. Advisors Asset Management Inc. now owns 654,727 shares of the investment management company’s stock worth $4,969,000 after buying an additional 74,055 shares during the period.

PIMCO California Municipal Income Fund III Price Performance

Shares of NYSE:PZC opened at $7.12 on Friday. The business’s 50 day moving average is $7.39 and its 200 day moving average is $7.27. PIMCO California Municipal Income Fund III has a 52-week low of $6.74 and a 52-week high of $7.90.

PIMCO California Municipal Income Fund III Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, December 2nd. Investors of record on Tuesday, November 12th will be paid a dividend of $0.0295 per share. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $0.35 annualized dividend and a dividend yield of 4.97%.

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.