Intellectus Partners LLC Boosts Stock Position in PIMCO California Municipal Income Fund III (NYSE:PZC)

Intellectus Partners LLC raised its stake in PIMCO California Municipal Income Fund III (NYSE:PZC) by 17.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 44,000 shares of the investment management company’s stock after purchasing an additional 6,500 shares during the period. Intellectus Partners LLC’s holdings in PIMCO California Municipal Income Fund III were worth $304,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Golden State Wealth Management LLC acquired a new stake in PIMCO California Municipal Income Fund III in the fourth quarter worth about $29,000. Farther Finance Advisors LLC acquired a new stake in PIMCO California Municipal Income Fund III in the third quarter worth about $38,000. Conrad Siegel Investment Advisors Inc. acquired a new stake in PIMCO California Municipal Income Fund III in the fourth quarter worth about $80,000. Landscape Capital Management L.L.C. boosted its holdings in PIMCO California Municipal Income Fund III by 15.8% in the third quarter. Landscape Capital Management L.L.C. now owns 100,858 shares of the investment management company’s stock worth $756,000 after acquiring an additional 13,750 shares in the last quarter. Finally, Beta Wealth Group Inc. acquired a new stake in PIMCO California Municipal Income Fund III in the fourth quarter worth about $142,000.

PIMCO California Municipal Income Fund III Price Performance

Shares of NYSE PZC opened at $6.76 on Friday. The business has a 50-day simple moving average of $6.80 and a two-hundred day simple moving average of $7.09. PIMCO California Municipal Income Fund III has a fifty-two week low of $6.60 and a fifty-two week high of $7.87.

PIMCO California Municipal Income Fund III Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Thursday, March 13th will be issued a dividend of $0.0295 per share. This represents a $0.35 dividend on an annualized basis and a dividend yield of 5.24%. The ex-dividend date is Thursday, March 13th.

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.