PIMCO California Municipal Income Fund III (NYSE:PZC) Stock Passes Below 200 Day Moving Average – What’s Next?

PIMCO California Municipal Income Fund III (NYSE:PZC) shares crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $7.25 and traded as low as $6.79. PIMCO California Municipal Income Fund III shares last traded at $6.87, with a volume of 171,008 shares traded.

PIMCO California Municipal Income Fund III Stock Up 1.0 %

The firm’s 50-day moving average price is $7.09 and its two-hundred day moving average price is $7.25.

PIMCO California Municipal Income Fund III Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Thursday, December 12th will be given a dividend of $0.0295 per share. This represents a $0.35 annualized dividend and a yield of 5.15%. The ex-dividend date is Thursday, December 12th.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Landscape Capital Management L.L.C. boosted its position in 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 worth $756,000 after acquiring an additional 13,750 shares during the period. Wolverine Asset Management LLC lifted its position in shares of PIMCO California Municipal Income Fund III by 183.9% in the third 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. Intellectus Partners LLC boosted its holdings in shares of 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 worth $282,000 after purchasing an additional 2,500 shares during the period. Logan Stone Capital LLC purchased a new position in PIMCO California Municipal Income Fund III during the second quarter valued at approximately $83,000. Finally, Farther Finance Advisors LLC acquired a new position in PIMCO California Municipal Income Fund III in the 3rd quarter valued at approximately $38,000.

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.