PIMCO California Municipal Income Fund III (NYSE:PZC) Shares Acquired by Advisors Asset Management Inc.

Advisors Asset Management Inc. increased its stake in PIMCO California Municipal Income Fund III (NYSE:PZC) by 5.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 534,209 shares of the investment management company’s stock after purchasing an additional 27,318 shares during the quarter. Advisors Asset Management Inc.’s holdings in PIMCO California Municipal Income Fund III were worth $3,670,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Beta Wealth Group Inc. acquired a new stake in PIMCO California Municipal Income Fund III in the fourth quarter worth about $142,000. Wolverine Asset Management LLC lifted its holdings in PIMCO California Municipal Income Fund III by 40.0% in the 4th quarter. Wolverine Asset Management LLC now owns 124,818 shares of the investment management company’s stock valued at $857,000 after acquiring an additional 35,672 shares during the last quarter. Intellectus Partners LLC lifted its holdings in PIMCO California Municipal Income Fund III by 17.3% in the 4th quarter. Intellectus Partners LLC now owns 44,000 shares of the investment management company’s stock valued at $304,000 after acquiring an additional 6,500 shares during the last quarter. Hennion & Walsh Asset Management Inc. lifted its holdings in PIMCO California Municipal Income Fund III by 19.1% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 395,179 shares of the investment management company’s stock valued at $2,715,000 after acquiring an additional 63,236 shares during the last quarter. Finally, Conrad Siegel Investment Advisors Inc. acquired a new stake in PIMCO California Municipal Income Fund III in the 4th quarter valued at about $80,000.

PIMCO California Municipal Income Fund III Price Performance

Shares of NYSE PZC opened at $6.66 on Friday. PIMCO California Municipal Income Fund III has a twelve month low of $6.56 and a twelve month high of $7.86. The firm has a 50-day moving average of $6.76 and a two-hundred day moving average of $7.06.

PIMCO California Municipal Income Fund III Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Thursday, March 13th will be issued a $0.0295 dividend. This represents a $0.35 dividend on an annualized basis and a yield of 5.32%. The ex-dividend date is Thursday, March 13th.

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.