Wedbush Securities Inc. cut its stake in shares of Pimco CA Muni. Income Fund III (NYSE:PZC) by 0.8% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 117,217 shares of the investment management company’s stock after selling 1,000 shares during the period. Wedbush Securities Inc.’s holdings in Pimco CA Muni. Income Fund III were worth $1,293,000 at the end of the most recent quarter.
Separately, Commonwealth Equity Services LLC grew its position in Pimco CA Muni. Income Fund III by 30.6% in the 4th quarter. Commonwealth Equity Services LLC now owns 37,384 shares of the investment management company’s stock valued at $356,000 after buying an additional 8,753 shares during the last quarter.
Shares of PZC stock traded up $0.07 on Friday, hitting $10.67. 27,954 shares of the stock traded hands, compared to its average volume of 35,853. Pimco CA Muni. Income Fund III has a 1-year low of $9.02 and a 1-year high of $11.14.
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Pimco CA Muni. 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.
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