PIMCO California Municipal Income Fund III (NYSE:PZC) Stock Price Passes Below 200 Day Moving Average – What’s Next?

PIMCO California Municipal Income Fund III (NYSE:PZC)’s stock price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $7.25 and traded as low as $6.79. PIMCO California Municipal Income Fund III shares last traded at $6.87, with a volume of 171,008 shares trading hands.

PIMCO California Municipal Income Fund III Stock Up 0.1 %

The firm’s fifty day simple moving average is $7.08 and its 200-day simple moving average is $7.24.

PIMCO California Municipal Income Fund III Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, January 2nd. Investors of record on Thursday, December 12th will be issued a $0.0295 dividend. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $0.35 dividend on an annualized basis and a yield of 5.15%.

Institutional Trading of PIMCO California Municipal Income Fund III

A number of institutional investors have recently made changes to their positions in the stock. Farther Finance Advisors LLC bought a new position in PIMCO California Municipal Income Fund III in the third quarter valued at about $38,000. Logan Stone Capital LLC purchased a new stake in shares of PIMCO California Municipal Income Fund III during the 2nd quarter valued at about $83,000. Wolverine Asset Management LLC lifted its stake in shares of PIMCO California Municipal Income Fund III by 5,134.2% in the 2nd quarter. Wolverine Asset Management LLC now owns 31,405 shares of the investment management company’s stock worth $225,000 after purchasing an additional 30,805 shares during the period. Intellectus Partners LLC boosted its holdings in shares of PIMCO California Municipal Income Fund III by 7.1% in the third quarter. Intellectus Partners LLC now owns 37,500 shares of the investment management company’s stock worth $282,000 after buying an additional 2,500 shares during the last quarter. Finally, Landscape Capital Management L.L.C. grew its position in PIMCO California Municipal Income Fund III by 15.8% during the third quarter. Landscape Capital Management L.L.C. now owns 100,858 shares of the investment management company’s stock valued at $756,000 after buying an additional 13,750 shares during the period.

About PIMCO California Municipal Income Fund III

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.