Raymond James & Associates Has $357,000 Stock Position in PIMCO California Municipal Income Fund III (NYSE:PZC)

Raymond James & Associates increased its holdings in shares of PIMCO California Municipal Income Fund III (NYSE:PZC) by 40.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 48,500 shares of the investment management company’s stock after purchasing an additional 14,000 shares during the period. Raymond James & Associates’ holdings in PIMCO California Municipal Income Fund III were worth $357,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in PZC. Hennion & Walsh Asset Management Inc. grew its stake in PIMCO California Municipal Income Fund III by 11.5% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 435,134 shares of the investment management company’s stock worth $2,981,000 after purchasing an additional 44,969 shares during the period. Advisors Asset Management Inc. grew its stake in PIMCO California Municipal Income Fund III by 4.8% during the third quarter. Advisors Asset Management Inc. now owns 541,139 shares of the investment management company’s stock worth $3,707,000 after purchasing an additional 24,809 shares during the period. Finally, Bramshill Investments LLC acquired a new stake in PIMCO California Municipal Income Fund III during the third quarter worth approximately $104,000.

PIMCO California Municipal Income Fund III Stock Up 0.4 %

NYSE PZC opened at $7.06 on Monday. The business has a 50 day simple moving average of $7.50 and a 200 day simple moving average of $7.24. PIMCO California Municipal Income Fund III has a one year low of $6.30 and a one year high of $8.20.

PIMCO California Municipal Income Fund III Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Thursday, April 11th will be paid a $0.0295 dividend. The ex-dividend date of this dividend is Wednesday, April 10th. This represents a $0.35 dividend on an annualized basis and a yield of 5.01%.

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.