Wells Fargo & Company MN Boosts Position in Pimco CA Muni. Income Fund III (PZC)

Wells Fargo & Company MN increased its position in shares of Pimco CA Muni. Income Fund III (NYSE:PZC) by 59.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,943 shares of the investment management company’s stock after buying an additional 7,789 shares during the quarter. Wells Fargo & Company MN owned 0.09% of Pimco CA Muni. Income Fund III worth $228,000 at the end of the most recent quarter.

Pimco CA Muni. Income Fund III (NYSE:PZC) traded down $0.03 during mid-day trading on Thursday, reaching $9.84. 62,142 shares of the company traded hands, compared to its average volume of 63,337. Pimco CA Muni. Income Fund III has a 1 year low of $9.81 and a 1 year high of $12.97.

The firm also recently announced a monthly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Monday, February 12th will be issued a dividend of $0.045 per share. This represents a $0.54 dividend on an annualized basis and a yield of 5.49%. The ex-dividend date of this dividend is Friday, February 9th.

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About Pimco CA Muni. Income Fund III

PIMCO California Municipal Income Fund III (the Fund) is a diversified, closed-end management investment company. The Fund’s primary investment objective is to seek current income exempt from federal and California income tax. The Fund invests approximately 90% of its net assets (and over 80% of its net assets plus any borrowings for investment purposes) in municipal bonds that pay interest that is exempt from federal and California income tax.

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

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