Landscape Capital Management L.L.C. Sells 31,597 Shares of PIMCO California Municipal Income Fund III (NYSE:PZC)

Landscape Capital Management L.L.C. reduced its holdings in shares of PIMCO California Municipal Income Fund III (NYSE:PZC) by 31.3% during the fourth quarter, HoldingsChannel reports. The firm owned 69,261 shares of the investment management company’s stock after selling 31,597 shares during the period. Landscape Capital Management L.L.C.’s holdings in PIMCO California Municipal Income Fund III were worth $476,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. Advisors Asset Management Inc. boosted its holdings in shares of PIMCO California Municipal Income Fund III by 5.4% during the 4th quarter. Advisors Asset Management Inc. now owns 534,209 shares of the investment management company’s stock valued at $3,670,000 after acquiring an additional 27,318 shares during the last quarter. Hennion & Walsh Asset Management Inc. lifted its position in PIMCO California Municipal Income Fund III by 19.1% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 395,179 shares of the investment management company’s stock valued at $2,715,000 after purchasing an additional 63,236 shares during the period. Wolverine Asset Management LLC boosted its holdings in PIMCO California Municipal Income Fund III by 40.0% in the fourth quarter. Wolverine Asset Management LLC now owns 124,818 shares of the investment management company’s stock worth $857,000 after purchasing an additional 35,672 shares during the last quarter. Raymond James Financial Inc. bought a new stake in PIMCO California Municipal Income Fund III in the 4th quarter worth approximately $338,000. Finally, Intellectus Partners LLC raised its stake in PIMCO California Municipal Income Fund III by 17.3% during the 4th quarter. Intellectus Partners LLC now owns 44,000 shares of the investment management company’s stock valued at $304,000 after buying an additional 6,500 shares during the last quarter.

PIMCO California Municipal Income Fund III Stock Performance

PZC stock opened at $6.56 on Monday. PIMCO California Municipal Income Fund III has a 1 year low of $6.48 and a 1 year high of $7.65. The stock’s fifty day moving average price is $6.74 and its 200-day moving average price is $6.99.

PIMCO California Municipal Income Fund III Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Friday, April 11th will be paid a dividend of $0.0295 per share. The ex-dividend date of this dividend is Friday, April 11th. This represents a $0.35 dividend on an annualized basis and a dividend yield of 5.40%.

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.