Raymond James Financial Services Advisors Inc. Has $284,000 Holdings in PIMCO California Municipal Income Fund III (NYSE:PZC)

Raymond James Financial Services Advisors Inc. trimmed its stake in PIMCO California Municipal Income Fund III (NYSE:PZC) by 24.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 38,497 shares of the investment management company’s stock after selling 12,299 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in PIMCO California Municipal Income Fund III were worth $284,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Raymond James & Associates grew its position in PIMCO California Municipal Income Fund III by 40.6% in the 4th quarter. Raymond James & Associates now owns 48,500 shares of the investment management company’s stock worth $357,000 after purchasing an additional 14,000 shares during the last quarter. Advisors Asset Management Inc. grew its position in PIMCO California Municipal Income Fund III by 4.8% in the 3rd quarter. Advisors Asset Management Inc. now owns 541,139 shares of the investment management company’s stock worth $3,707,000 after purchasing an additional 24,809 shares during the last quarter. Bramshill Investments LLC acquired a new stake in PIMCO California Municipal Income Fund III in the 3rd quarter worth $104,000. Finally, Hennion & Walsh Asset Management Inc. grew its position in PIMCO California Municipal Income Fund III by 11.5% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 435,134 shares of the investment management company’s stock worth $2,981,000 after purchasing an additional 44,969 shares during the last quarter.

PIMCO California Municipal Income Fund III Stock Performance

NYSE PZC opened at $7.00 on Tuesday. The company’s fifty day moving average is $7.54 and its two-hundred day moving average is $7.23. PIMCO California Municipal Income Fund III has a 52-week low of $6.30 and a 52-week high of $8.20.

PIMCO California Municipal Income Fund III Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Thursday, April 11th will be issued a dividend of $0.0295 per share. This represents a $0.35 dividend on an annualized basis and a dividend yield of 5.06%. The ex-dividend date of this dividend is Wednesday, April 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.