Hennion & Walsh Asset Management Inc. Purchases 63,236 Shares of PIMCO California Municipal Income Fund III (NYSE:PZC)

Hennion & Walsh Asset Management Inc. raised its holdings in PIMCO California Municipal Income Fund III (NYSE:PZC) by 19.1% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 395,179 shares of the investment management company’s stock after purchasing an additional 63,236 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in PIMCO California Municipal Income Fund III were worth $2,715,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in PZC. Conrad Siegel Investment Advisors Inc. acquired a new stake in shares of PIMCO California Municipal Income Fund III during the 4th quarter valued at about $80,000. Landscape Capital Management L.L.C. boosted its holdings 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 purchasing an additional 13,750 shares in the last quarter. Intellectus Partners LLC grew its stake in shares of PIMCO California Municipal Income Fund III by 7.1% in the 3rd quarter. Intellectus Partners LLC now owns 37,500 shares of the investment management company’s stock valued at $282,000 after purchasing an additional 2,500 shares during the period. Wolverine Asset Management LLC raised its holdings in shares of PIMCO California Municipal Income Fund III by 183.9% in the 3rd quarter. Wolverine Asset Management LLC now owns 89,146 shares of the investment management company’s stock worth $669,000 after buying an additional 57,741 shares in the last quarter. Finally, Farther Finance Advisors LLC bought a new position in shares of PIMCO California Municipal Income Fund III during the 3rd quarter worth approximately $38,000.

PIMCO California Municipal Income Fund III Trading Up 0.0 %

Shares of NYSE:PZC opened at $6.68 on Friday. The business’s fifty day moving average price is $6.98 and its two-hundred day moving average price is $7.22. PIMCO California Municipal Income Fund III has a fifty-two week low of $6.60 and a fifty-two week high of $7.90.

PIMCO California Municipal Income Fund III Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Monday, January 13th will be issued a $0.0295 dividend. This represents a $0.35 annualized dividend and a dividend yield of 5.30%. The ex-dividend date of this dividend is Monday, January 13th.

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.