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.
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.
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