Wolverine Asset Management LLC Boosts Holdings in PIMCO California Municipal Income Fund III (NYSE:PZC)

Wolverine Asset Management LLC grew its holdings in shares of PIMCO California Municipal Income Fund III (NYSE:PZC) by 40.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 124,818 shares of the investment management company’s stock after acquiring an additional 35,672 shares during the quarter. Wolverine Asset Management LLC’s holdings in PIMCO California Municipal Income Fund III were worth $857,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the business. Intellectus Partners LLC raised its stake in shares of PIMCO California Municipal Income Fund III by 7.1% during the third quarter. Intellectus Partners LLC now owns 37,500 shares of the investment management company’s stock worth $282,000 after acquiring an additional 2,500 shares in the last quarter. Golden State Wealth Management LLC purchased a new position in shares of PIMCO California Municipal Income Fund III during the fourth quarter worth approximately $29,000. Farther Finance Advisors LLC purchased a new position in shares of PIMCO California Municipal Income Fund III during the third quarter worth approximately $38,000. Conrad Siegel Investment Advisors Inc. purchased a new position in shares of PIMCO California Municipal Income Fund III during the fourth quarter worth approximately $80,000. Finally, Landscape Capital Management L.L.C. raised its stake in shares of 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 worth $756,000 after acquiring an additional 13,750 shares in the last quarter.

PIMCO California Municipal Income Fund III Price Performance

Shares of NYSE PZC opened at $6.86 on Friday. PIMCO California Municipal Income Fund III has a 52 week low of $6.60 and a 52 week high of $7.90. The firm’s fifty day moving average is $6.79 and its 200 day moving average is $7.12.

PIMCO California Municipal Income Fund III Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, March 3rd. Investors of record on Thursday, February 13th will be paid a $0.0295 dividend. This represents a $0.35 annualized dividend and a dividend yield of 5.16%. The ex-dividend date is Thursday, February 13th.

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.