PIMCO California Municipal Income Fund III (NYSE:PZC) Shares Acquired by Intellectus Partners LLC

Intellectus Partners LLC raised its holdings in shares of PIMCO California Municipal Income Fund III (NYSE:PZC) by 7.1% in the third quarter, Holdings Channel.com reports. The firm owned 37,500 shares of the investment management company’s stock after buying an additional 2,500 shares during the period. Intellectus Partners LLC’s holdings in PIMCO California Municipal Income Fund III were worth $282,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of PZC. Wolverine Asset Management LLC boosted its stake in shares of PIMCO California Municipal Income Fund III by 5,134.2% during the 2nd quarter. Wolverine Asset Management LLC now owns 31,405 shares of the investment management company’s stock valued at $225,000 after buying an additional 30,805 shares during the last quarter. Logan Stone Capital LLC bought a new position in PIMCO California Municipal Income Fund III during the 2nd quarter valued at $83,000. Farther Finance Advisors LLC bought a new position in PIMCO California Municipal Income Fund III during the 3rd quarter valued at $38,000. Finally, Advisors Asset Management Inc. grew its holdings in PIMCO California Municipal Income Fund III by 12.8% during the 1st quarter. Advisors Asset Management Inc. now owns 654,727 shares of the investment management company’s stock worth $4,969,000 after acquiring an additional 74,055 shares in the last quarter.

PIMCO California Municipal Income Fund III Stock Performance

Shares of PIMCO California Municipal Income Fund III stock opened at $7.10 on Friday. PIMCO California Municipal Income Fund III has a 1 year low of $6.81 and a 1 year high of $7.90. The firm’s 50-day simple moving average is $7.39 and its 200-day simple moving average is $7.27.

PIMCO California Municipal Income Fund III Dividend Announcement

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

PIMCO California Municipal Income Fund III 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.