82,727 Shares in PIMCO California Municipal Income Fund III (NYSE:PZC) Purchased by Ackerman Capital Advisors LLC

Ackerman Capital Advisors LLC purchased a new position in shares of PIMCO California Municipal Income Fund III (NYSE:PZC) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 82,727 shares of the investment management company’s stock, valued at approximately $848,000.

A number of other large investors have also added to or reduced their stakes in PZC. Catalyst Private Wealth LLC bought a new position in PIMCO California Municipal Income Fund III during the third quarter worth about $59,000. Kestra Advisory Services LLC bought a new position in PIMCO California Municipal Income Fund III in the 4th quarter valued at about $108,000. Stratos Wealth Partners LTD. bought a new position in PIMCO California Municipal Income Fund III in the 4th quarter valued at about $198,000. Whittier Trust Co. of Nevada Inc. bought a new position in PIMCO California Municipal Income Fund III in the 3rd quarter valued at about $362,000. Finally, Raymond James Financial Services Advisors Inc. increased its holdings in PIMCO California Municipal Income Fund III by 11.3% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 81,213 shares of the investment management company’s stock valued at $864,000 after buying an additional 8,269 shares during the period.

PZC stock traded up $0.07 during mid-day trading on Wednesday, hitting $10.55. The stock had a trading volume of 48,505 shares, compared to its average volume of 35,746. PIMCO California Municipal Income Fund III has a 52 week low of $7.13 and a 52 week high of $11.54. The firm has a fifty day simple moving average of $10.32 and a 200 day simple moving average of $10.47.

The company also recently announced a monthly dividend, which will be paid on Monday, March 1st. Shareholders of record on Thursday, February 11th will be issued a $0.038 dividend. This represents a $0.46 annualized dividend and a yield of 4.32%. The ex-dividend date of this dividend is Wednesday, February 10th.

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.

Further Reading: Why is a lock-up period needed for an IPO?

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Institutional Ownership by Quarter for PIMCO California Municipal Income Fund III (NYSE:PZC)

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