PIMCO New York Municipal Income Fund IIIPYN
Market Cap: $35.9M
About: PIMCO New York Municipal Income Fund III is a closed-end management investment company. Its investment objective is to seek to provide current income exempt from federal, New York State, and New York City income tax. To pursue the objectives, the fund invests a majority of its net assets in municipal bonds that pay interest that is exempt from federal, New York State, and New York City income tax.
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
1.53% less ownership
Funds ownership: 15.15% [Q1] → 13.62% (-1.53%) [Q2]
10% less capital invested
Capital invested by funds: $5.1M [Q1] → $4.62M (-$487K) [Q2]
12% less funds holding
Funds holding: 26 [Q1] → 23 (-3) [Q2]
22% less repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 9
60% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 5
Research analyst outlook
We haven’t received any recent analyst ratings for PYN.