Conrad Siegel Investment Advisors Inc. Takes $80,000 Position in PIMCO California Municipal Income Fund III (NYSE:PZC)

Conrad Siegel Investment Advisors Inc. acquired a new stake in shares of PIMCO California Municipal Income Fund III (NYSE:PZC) in the fourth quarter, HoldingsChannel reports. The institutional investor acquired 11,600 shares of the investment management company’s stock, valued at approximately $80,000.

Several other large investors have also recently modified their holdings of the stock. Logan Stone Capital LLC purchased a new stake in shares of PIMCO California Municipal Income Fund III during the 2nd quarter valued at about $83,000. Intellectus Partners LLC lifted its position in shares of PIMCO California Municipal Income Fund III by 7.1% in the third quarter. Intellectus Partners LLC now owns 37,500 shares of the investment management company’s stock valued at $282,000 after acquiring an additional 2,500 shares in the last quarter. Farther Finance Advisors LLC purchased a new stake in shares of PIMCO California Municipal Income Fund III during the third quarter worth about $38,000. Wolverine Asset Management LLC lifted its holdings in PIMCO California Municipal Income Fund III by 183.9% in the 3rd quarter. Wolverine Asset Management LLC now owns 89,146 shares of the investment management company’s stock worth $669,000 after purchasing an additional 57,741 shares in the last quarter. Finally, Landscape Capital Management L.L.C. raised its position 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 valued at $756,000 after buying an additional 13,750 shares during the last quarter.

PIMCO California Municipal Income Fund III Price Performance

Shares of NYSE:PZC traded down $0.06 during midday trading on Monday, reaching $6.65. 95,632 shares of the company were exchanged, compared to its average volume of 69,719. The business’s fifty day moving average is $7.02 and its two-hundred day moving average is $7.23. PIMCO California Municipal Income Fund III has a one year low of $6.63 and a one year high of $7.90.

PIMCO California Municipal Income Fund III Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, February 3rd. Investors of record on Monday, January 13th will be paid a dividend of $0.0295 per share. This represents a $0.35 dividend on an annualized basis and a yield of 5.32%. The ex-dividend date is Monday, January 13th.

PIMCO California Municipal Income Fund III Company 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.