Pimco CA Muni. Income Fund III (NYSE:PZC) Shares Cross Below Fifty Day Moving Average of $10.92

Pimco CA Muni. Income Fund III (NYSE:PZC) crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $10.92 and traded as low as $10.98. Pimco CA Muni. Income Fund III shares last traded at $11.03, with a volume of 1,632 shares trading hands.

The firm’s 50 day simple moving average is $10.94.

The company also recently disclosed a monthly dividend, which will be paid on Monday, July 1st. Stockholders of record on Thursday, June 13th will be paid a $0.042 dividend. The ex-dividend date of this dividend is Wednesday, June 12th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 4.51%.

An institutional investor recently bought a new position in Pimco CA Muni. Income Fund III stock. Golden State Wealth Management LLC bought a new stake in shares of Pimco CA Muni. Income Fund III (NYSE:PZC) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 62,085 shares of the investment management company’s stock, valued at approximately $685,000.

Pimco CA Muni. Income Fund III Company Profile (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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