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

PIMCO California Municipal Income Fund III (NYSE:PZC) shares crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $7.03 and traded as low as $6.51. PIMCO California Municipal Income Fund III shares last traded at $6.52, with a volume of 93,611 shares trading hands.

PIMCO California Municipal Income Fund III Stock Down 0.8 %

The business’s fifty day simple moving average is $6.75 and its 200-day simple moving average is $7.03.

PIMCO California Municipal Income Fund III Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Thursday, March 13th will be given a $0.0295 dividend. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $0.35 dividend on an annualized basis and a dividend yield of 5.43%.

Hedge Funds Weigh In On PIMCO California Municipal Income Fund III

Institutional investors have recently added to or reduced their stakes in the company. Golden State Wealth Management LLC bought a new stake in PIMCO California Municipal Income Fund III in the fourth quarter worth $29,000. Vanguard Capital Wealth Advisors bought a new stake in shares of PIMCO California Municipal Income Fund III in the 4th quarter worth about $69,000. Nomura Holdings Inc. purchased a new stake in shares of PIMCO California Municipal Income Fund III during the 4th quarter valued at about $69,000. Conrad Siegel Investment Advisors Inc. purchased a new stake in shares of PIMCO California Municipal Income Fund III during the 4th quarter valued at about $80,000. Finally, Virtu Financial LLC bought a new position in shares of PIMCO California Municipal Income Fund III in the 4th quarter valued at about $86,000.

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.