November 18, 2016 - By Vivian Park · 0 Comments
Pimco California Municipal Income Fund III (NYSE:PZC) institutional sentiment increased to 2 in 2016 Q2. Its up 1.33, from 0.67 in 2016Q1. The ratio is more positive, as 6 investment professionals started new or increased equity positions, while 9 reduced and sold equity positions in Pimco California Municipal Income Fund III. The investment professionals in our partner’s database now have: 900,114 shares, down from 1.04 million shares in 2016Q1. Also, the number of investment professionals holding Pimco California Municipal Income Fund III in their top 10 equity positions was flat from 0 to 0 for the same number . Sold All: 4 Reduced: 5 Increased: 4 New Position: 2.
PIMCO California Municipal Income Fund III is a diversified, closed-end management investment company. The company has a market cap of $246.90 million. The Fund’s primary investment objective is to seek current income exempt from federal and California income tax. It currently has negative earnings. The Fund invests in California municipal bonds.
It is down 6.75% since April 18, 2016 and is downtrending. It has underperformed by 11.18% the S&P500.
Hollencrest Securities Llc holds 0.03% of its portfolio in Pimco CA Muni. Income Fund III for 14,040 shares. Concert Wealth Management Inc. owns 13,700 shares or 0.02% of their US portfolio. Moreover, Guggenheim Capital Llc has 0.02% invested in the company for 440,489 shares. The California-based Destination Wealth Management has invested 0.01% in the stock. Lpl Financial Llc, a California-based fund reported 78,124 shares.#img1#
More news for Pimco CA Muni. Income Fund III (NYSE:PZC) were recently published by: Seekingalpha.com, which released: “In Search Of Income: Municipal Bond CEFs (Part II)” on January 20, 2015. Nasdaq.com‘s article titled: “Pimco California Municipal Income Fund II (PCK) Ex-Dividend Date Scheduled for …” and published on May 09, 2016 is yet another important article.
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By Vivian Park