Wedbush Securities Inc. Purchases 2,000 Shares of Pimco CA Muni. Income Fund III (NYSE:PZC)

Wedbush Securities Inc. lifted its stake in Pimco CA Muni. Income Fund III (NYSE:PZC) by 1.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 118,217 shares of the investment management company’s stock after buying an additional 2,000 shares during the quarter. Wedbush Securities Inc.’s holdings in Pimco CA Muni. Income Fund III were worth $1,349,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. D.A. Davidson & CO. raised its stake in shares of Pimco CA Muni. Income Fund III by 78.2% in the third quarter. D.A. Davidson & CO. now owns 87,303 shares of the investment management company’s stock worth $980,000 after buying an additional 38,302 shares during the period. Commonwealth Equity Services LLC raised its stake in shares of Pimco CA Muni. Income Fund III by 35.3% in the third quarter. Commonwealth Equity Services LLC now owns 51,221 shares of the investment management company’s stock worth $574,000 after buying an additional 13,366 shares during the period. Finally, Wells Fargo & Company MN raised its stake in shares of Pimco CA Muni. Income Fund III by 123.3% in the second 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 period.

NYSE PZC opened at $11.16 on Friday. The stock’s 50-day moving average price is $11.38 and its 200-day moving average price is $11.32. Pimco CA Muni. Income Fund III has a 52 week low of $10.05 and a 52 week high of $11.64.

The business also recently disclosed a monthly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Monday, January 13th will be paid a $0.038 dividend. This represents a $0.46 annualized dividend and a dividend yield of 4.09%. The ex-dividend date of this dividend is Friday, January 10th.

Pimco CA Muni. 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.

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Institutional Ownership by Quarter for Pimco CA Muni. Income Fund III (NYSE:PZC)

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