PIMCO California Municipal Income Fund III (NYSE:PZC) Stock Price Passes Below 200-Day Moving Average – Should You Sell?

PIMCO California Municipal Income Fund III (NYSE:PZC) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $7.11 and traded as low as $6.87. PIMCO California Municipal Income Fund III shares last traded at $6.90, with a volume of 108,806 shares trading hands.

PIMCO California Municipal Income Fund III Trading Down 0.4 %

The firm has a 50-day moving average of $6.80 and a 200 day moving average of $7.11.

PIMCO California Municipal Income Fund III Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, March 3rd. Shareholders of record on Thursday, February 13th were paid a $0.0295 dividend. The ex-dividend date of this dividend was Thursday, February 13th. This represents a $0.35 annualized dividend and a yield of 5.13%.

Institutional Trading of PIMCO California Municipal Income Fund III

Institutional investors and hedge funds have recently bought and sold shares of the business. Golden State Wealth Management LLC bought a new stake in PIMCO California Municipal Income Fund III in the fourth quarter valued at approximately $29,000. Farther Finance Advisors LLC bought a new stake in PIMCO California Municipal Income Fund III in the third quarter valued at approximately $38,000. Vanguard Capital Wealth Advisors bought a new stake in PIMCO California Municipal Income Fund III in the fourth quarter valued at approximately $69,000. Nomura Holdings Inc. bought a new stake in PIMCO California Municipal Income Fund III in the fourth quarter valued at approximately $69,000. Finally, Conrad Siegel Investment Advisors Inc. bought a new stake in PIMCO California Municipal Income Fund III in the fourth quarter valued at approximately $80,000.

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.