Virtu Financial LLC Acquires Shares of 12,566 PIMCO California Municipal Income Fund III (NYSE:PZC)

Virtu Financial LLC bought a new position in shares of PIMCO California Municipal Income Fund III (NYSE:PZC) during the fourth quarter, Holdings Channel.com reports. The fund bought 12,566 shares of the investment management company’s stock, valued at approximately $86,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Golden State Wealth Management LLC purchased a new stake in PIMCO California Municipal Income Fund III in the fourth quarter valued at approximately $29,000. Conrad Siegel Investment Advisors Inc. purchased a new position in PIMCO California Municipal Income Fund III during the 4th quarter worth $80,000. Beta Wealth Group Inc. acquired a new position in PIMCO California Municipal Income Fund III in the fourth quarter valued at $142,000. Bank of New York Mellon Corp purchased a new stake in shares of PIMCO California Municipal Income Fund III in the fourth quarter valued at about $249,000. Finally, Intellectus Partners LLC raised its holdings in shares of PIMCO California Municipal Income Fund III by 17.3% in the fourth quarter. Intellectus Partners LLC now owns 44,000 shares of the investment management company’s stock valued at $304,000 after buying an additional 6,500 shares during the last quarter.

PIMCO California Municipal Income Fund III Stock Performance

Shares of PZC stock opened at $6.52 on Monday. PIMCO California Municipal Income Fund III has a 52-week low of $6.51 and a 52-week high of $7.67. The stock’s 50-day moving average price is $6.75 and its 200 day moving average price is $7.02.

PIMCO California Municipal Income Fund III Announces Dividend

The business also recently declared 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 annualized dividend and a dividend yield of 5.43%. The ex-dividend date of this dividend 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.