Form 4: UBS Group AG Reduces Stake in PIMCO New York Municipal Income Fund III
SEC Form 4
UBS Group AG reports a decrease in its holdings of Auction Preferred Stock in PIMCO New York Municipal Income Fund III.
Summary
- UBS Group AG filed a Form 4 indicating changes in beneficial ownership of PIMCO New York Municipal Income Fund III shares.
- On April 17, 2024, UBS Group AG disposed of 3,242 shares of Auction Preferred Stock.
- The transaction was executed at a price of 98% of par value.
- Following the transaction, UBS Group AG indirectly owns 0 shares through its subsidiaries, UBS Securities LLC and UBS Financial Services Inc.
Sentiment
Score: 5
Explanation: Neutral sentiment as it reports a transaction without expressing any positive or negative outlook.
Negatives
- UBS Group AG has reduced its stake in PIMCO New York Municipal Income Fund III.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders and major shareholders, allowing the public to monitor potential shifts in ownership and sentiment.
Key Dates
| Date | Description |
|---|---|
| 04/17/2024 | Date of transaction: UBS Group AG disposed of Auction Preferred Stock. |
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