Farther Finance Advisors LLC Buys New Stake in PIMCO California Municipal Income Fund III (NYSE:PZC)

Farther Finance Advisors LLC acquired a new stake in shares of PIMCO California Municipal Income Fund III (NYSE:PZC) in the third quarter, Holdings Channel.com reports. The firm acquired 5,000 shares of the investment management company’s stock, valued at approximately $38,000.

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

PIMCO California Municipal Income Fund III Stock Up 0.3 %

Shares of NYSE:PZC opened at $7.12 on Friday. PIMCO California Municipal Income Fund III has a 1 year low of $6.74 and a 1 year high of $7.90. The business’s 50 day moving average price is $7.39 and its 200-day moving average price is $7.27.

PIMCO California Municipal Income Fund III Dividend Announcement

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 given a dividend of $0.0295 per share. This represents a $0.35 annualized dividend and a yield of 4.97%. The ex-dividend date of this dividend is Tuesday, November 12th.

PIMCO California Municipal Income Fund III 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.