Vanguard Capital Wealth Advisors Buys Shares of 10,000 PIMCO California Municipal Income Fund III (NYSE:PZC)

Vanguard Capital Wealth Advisors acquired a new position in PIMCO California Municipal Income Fund III (NYSE:PZC) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 10,000 shares of the investment management company’s stock, valued at approximately $69,000.

Other hedge funds also recently bought and sold shares of the company. Advisors Asset Management Inc. lifted its position in shares of PIMCO California Municipal Income Fund III by 5.4% during the fourth 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. Wolverine Asset Management LLC grew 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. Logan Stone Capital LLC increased its position in shares of PIMCO California Municipal Income Fund III by 332.4% during the fourth quarter. Logan Stone Capital LLC now owns 115,841 shares of the investment management company’s stock worth $796,000 after purchasing an additional 89,050 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of PIMCO California Municipal Income Fund III during the 4th quarter valued at $338,000. Finally, Intellectus Partners LLC boosted its position in shares of 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 worth $304,000 after purchasing an additional 6,500 shares in the last quarter.

PIMCO California Municipal Income Fund III Stock Performance

Shares of PZC stock opened at $6.32 on Tuesday. PIMCO California Municipal Income Fund III has a fifty-two week low of $6.02 and a fifty-two week high of $7.65. The stock’s 50-day simple moving average is $6.41 and its 200-day simple moving average is $6.73.

PIMCO California Municipal Income Fund III Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Monday, May 12th will be given a dividend of $0.0295 per share. This represents a $0.35 dividend on an annualized basis and a dividend yield of 5.60%. The ex-dividend date of this dividend is Monday, May 12th.

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.