PIMCO California Municipal Income Fund III (NYSE:PZC) Shares Sold by Guggenheim Capital LLC

Guggenheim Capital LLC cut its holdings in PIMCO California Municipal Income Fund III (NYSE:PZC) by 14.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 466,918 shares of the investment management company’s stock after selling 78,337 shares during the period. Guggenheim Capital LLC’s holdings in PIMCO California Municipal Income Fund III were worth $3,208,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new stake in shares of PIMCO California Municipal Income Fund III during the 4th quarter worth about $338,000. Wedbush Securities Inc. acquired a new stake in PIMCO California Municipal Income Fund III during the fourth quarter worth approximately $142,000. Wells Fargo & Company MN lifted its position in shares of PIMCO California Municipal Income Fund III by 45.2% during the 4th quarter. Wells Fargo & Company MN now owns 38,979 shares of the investment management company’s stock worth $268,000 after buying an additional 12,142 shares during the last quarter. Virtu Financial LLC acquired a new position in shares of PIMCO California Municipal Income Fund III in the 4th quarter valued at $86,000. Finally, Advisors Asset Management Inc. grew its position in shares of PIMCO California Municipal Income Fund III by 5.4% in 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 buying an additional 27,318 shares during the last quarter.

PIMCO California Municipal Income Fund III Price Performance

Shares of PZC opened at $6.21 on Friday. PIMCO California Municipal Income Fund III has a 1-year low of $6.02 and a 1-year high of $7.65. The firm has a fifty day moving average price of $6.61 and a 200 day moving average price of $6.90.

PIMCO California Municipal Income Fund III Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Thursday, May 1st. Investors of record on Friday, April 11th will be given a $0.0295 dividend. 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 5.70%.

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.