Vanguard Capital Wealth Advisors Takes Position in PIMCO California Municipal Income Fund III (NYSE:PZC)

Vanguard Capital Wealth Advisors purchased a new position in shares of PIMCO California Municipal Income Fund III (NYSE:PZC) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 10,000 shares of the investment management company’s stock, valued at approximately $69,000.

Several other large investors have also recently made changes to their positions in the company. Golden State Wealth Management LLC purchased a new position in PIMCO California Municipal Income Fund III in the 4th quarter valued at $29,000. Nomura Holdings Inc. acquired a new stake in shares of PIMCO California Municipal Income Fund III in the fourth quarter valued at about $69,000. Virtu Financial LLC purchased a new position in shares of PIMCO California Municipal Income Fund III in the fourth quarter worth about $86,000. Beta Wealth Group Inc. acquired a new position in PIMCO California Municipal Income Fund III during the fourth quarter worth about $142,000. Finally, Wedbush Securities Inc. acquired a new position in shares of PIMCO California Municipal Income Fund III during the 4th quarter worth approximately $142,000.

PIMCO California Municipal Income Fund III Stock Down 0.9%

NYSE:PZC opened at $6.32 on Tuesday. PIMCO California Municipal Income Fund III has a one year low of $6.02 and a one year high of $7.65. The stock has a 50 day moving average price of $6.41 and a 200 day moving average price of $6.73.

PIMCO California Municipal Income Fund III Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, June 2nd. Investors of record on Monday, May 12th will be given a dividend of $0.0295 per share. This represents a $0.35 annualized dividend and a yield of 5.60%. The ex-dividend date 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.