Wolverine Asset Management LLC Has $669,000 Stock Holdings in PIMCO California Municipal Income Fund III (NYSE:PZC)

Wolverine Asset Management LLC grew its stake in PIMCO California Municipal Income Fund III (NYSE:PZC) by 183.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 89,146 shares of the investment management company’s stock after purchasing an additional 57,741 shares during the quarter. Wolverine Asset Management LLC’s holdings in PIMCO California Municipal Income Fund III were worth $669,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in PZC. Advisors Asset Management Inc. lifted its stake in PIMCO California Municipal Income Fund III by 12.8% in 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 buying an additional 74,055 shares during the period. Logan Stone Capital LLC bought a new stake in shares of PIMCO California Municipal Income Fund III in the 2nd quarter valued at about $83,000. Finally, Farther Finance Advisors LLC acquired a new stake in shares of PIMCO California Municipal Income Fund III in the 3rd quarter valued at approximately $38,000.

PIMCO California Municipal Income Fund III Stock Performance

Shares of NYSE PZC opened at $7.10 on Thursday. PIMCO California Municipal Income Fund III has a 52-week low of $6.74 and a 52-week high of $7.90. The firm has a 50 day moving average price of $7.39 and a 200 day moving average price of $7.27.

PIMCO California Municipal Income Fund III Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Tuesday, November 12th will be issued a $0.0295 dividend. This represents a $0.35 annualized dividend and a dividend yield of 4.99%. The ex-dividend date of this dividend is Tuesday, November 12th.

About PIMCO California Municipal Income Fund III

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.