Pimco CA Muni. Income Fund III (NYSE:PZC) Stock Crosses Below Two Hundred Day Moving Average of $10.95

Shares of Pimco CA Muni. Income Fund III (NYSE:PZC) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $10.95 and traded as low as $11.31. Pimco CA Muni. Income Fund III shares last traded at $11.44, with a volume of 22,674 shares.

The business has a fifty day moving average price of $11.34 and a 200 day moving average price of $10.96.

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Monday, August 12th will be issued a dividend of $0.042 per share. The ex-dividend date of this dividend is Friday, August 9th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 4.40%.

Hedge funds have recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. acquired a new stake in shares of Pimco CA Muni. Income Fund III during the 2nd quarter worth $246,000. Wells Fargo & Company MN increased its holdings in shares of Pimco CA Muni. Income Fund III by 123.3% during the 2nd quarter. Wells Fargo & Company MN now owns 39,486 shares of the investment management company’s stock worth $441,000 after buying an additional 21,802 shares during the last quarter. Finally, Golden State Wealth Management LLC acquired a new stake in shares of Pimco CA Muni. Income Fund III during the 1st quarter worth $685,000.

About Pimco CA Muni. Income Fund III (NYSE:PZC)

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.

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