Form 4: UBS Group AG Reduces Stake in PIMCO New York Municipal Income Fund II
SEC Form 4 Filing
UBS Group AG reports a decrease in its holdings of Auction Preferred Stock in PIMCO New York Municipal Income Fund II.
Summary
- UBS Group AG filed a Form 4 indicating changes in beneficial ownership of PIMCO New York Municipal Income Fund II (PNI).
- The transaction occurred on April 17, 2024.
- UBS Group AG disposed of 1,976 shares of Auction Preferred Stock.
- The shares were disposed of at 98% of par value.
- Following the transaction, UBS Group AG indirectly owns 0 shares through its subsidiaries.
Sentiment
Score: 5
Explanation: The document simply reports a transaction. It's neutral in sentiment as it doesn't express positive or negative views about the company or its prospects.
Negatives
- UBS Group AG decreased its holdings in PIMCO New York Municipal Income Fund II.
Industry Context
This filing reflects changes in institutional ownership, which is a common occurrence in the investment management industry. Monitoring these changes can provide insights into the sentiment and strategies of large investors regarding specific funds and the broader municipal bond market.
Stakeholder Impact
- The decrease in UBS Group AG's holdings could potentially influence investor sentiment towards PIMCO New York Municipal Income Fund II.
Key Dates
| Date | Description |
|---|---|
| 04/17/2024 | Date of transaction: disposal of Auction Preferred Stock |
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