Golden State Wealth Management LLC Purchases Shares of 4,158 PIMCO California Municipal Income Fund III (NYSE:PZC)

Golden State Wealth Management LLC purchased a new stake in PIMCO California Municipal Income Fund III (NYSE:PZC) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 4,158 shares of the investment management company’s stock, valued at approximately $29,000.

A number of other hedge funds have also recently bought and sold shares of PZC. Hennion & Walsh Asset Management Inc. lifted its holdings in shares of PIMCO California Municipal Income Fund III by 19.1% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 395,179 shares of the investment management company’s stock worth $2,715,000 after acquiring an additional 63,236 shares during the period. Landscape Capital Management L.L.C. lifted its holdings in shares of PIMCO California Municipal Income Fund III by 15.8% during the 3rd 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 during the period. Wolverine Asset Management LLC lifted its holdings in shares of PIMCO California Municipal Income Fund III by 183.9% during the 3rd quarter. Wolverine Asset Management LLC now owns 89,146 shares of the investment management company’s stock worth $669,000 after acquiring an additional 57,741 shares during the period. Intellectus Partners LLC lifted its holdings in shares of PIMCO California Municipal Income Fund III by 7.1% during the 3rd 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 during the period. Finally, Conrad Siegel Investment Advisors Inc. bought a new position in shares of PIMCO California Municipal Income Fund III during the 4th quarter worth about $80,000.

PIMCO California Municipal Income Fund III Stock Down 0.4 %

NYSE:PZC opened at $6.82 on Wednesday. The company has a 50-day moving average of $6.86 and a 200-day moving average of $7.15. PIMCO California Municipal Income Fund III has a 52 week low of $6.60 and a 52 week high of $7.90.

PIMCO California Municipal Income Fund III Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Thursday, February 13th will be issued a dividend of $0.0295 per share. This represents a $0.35 dividend on an annualized basis and a dividend yield of 5.19%. The ex-dividend date of this dividend is Thursday, February 13th.

PIMCO California Municipal Income Fund III 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.