D.A. Davidson & CO. lessened its stake in Pimco CA Muni. Income Fund III (NYSE:PZC) by 29.4% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 39,452 shares of the investment management company’s stock after selling 16,411 shares during the quarter. D.A. Davidson & CO.’s holdings in Pimco CA Muni. Income Fund III were worth $376,000 at the end of the most recent quarter.
PZC stock opened at $10.81 on Monday. Pimco CA Muni. Income Fund III has a 12 month low of $9.02 and a 12 month high of $11.05.
The business also recently declared a monthly dividend, which will be paid on Friday, March 1st. Investors of record on Monday, February 11th will be paid a $0.045 dividend. This represents a $0.54 annualized dividend and a yield of 5.00%. The ex-dividend date is Friday, February 8th.
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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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