Massachusetts Financial Services Company Has Boosted Its Us Bancorp Del (USB) Holding, Pimco Municipal Income Fund III (PMX) Sentiment Is 0.53

July 17, 2017 - By Ellis Scott

PIMCO Municipal Income Fund III is a diversified, closed-end management investment company. The company has market cap of $389.30 million. The Fund’s primary investment objective is to seek current income exempt from federal income tax. It currently has negative earnings. The Fund invests approximately 90% of its net assets (and over 80% of its net assets plus any borrowings for investment purposes) in municipal bonds that pay interest that is exempt from federal income tax.

Massachusetts Financial Services Company increased Us Bancorp Del (USB) stake by 5.1% reported in 2016Q4 SEC filing. Massachusetts Financial Services Company acquired 1.91M shares as Us Bancorp Del (USB)’s stock declined 6.89%. The Massachusetts Financial Services Company holds 39.37M shares with $2.02 billion value, up from 37.45 million last quarter. Us Bancorp Del now has $87.38B valuation. The stock declined 0.17% or $0.09 reaching $51.99 on the news. About 2.86M shares traded. U.S. Bancorp (NYSE:USB) has risen 23.07% since July 17, 2016 and is uptrending. It has outperformed by 6.37% the S&P500.

About 45,672 shares traded. Pimco Municipal Income Fund III (PMX) has declined 4.15% since July 17, 2016 and is downtrending. It has underperformed by 20.85% the S&P500.

Benjamin F. Edwards & Company Inc. holds 0.11% of its portfolio in Pimco Municipal Income Fund III for 57,939 shares. First Foundation Advisors owns 23,979 shares or 0.02% of their US portfolio. Moreover, Hollencrest Securities Llc has 0.02% invested in the company for 11,910 shares. The Arizona-based Tci Wealth Advisors Inc. has invested 0.02% in the stock. Brick & Kyle Associates, a Pennsylvania-based fund reported 1,016 shares.

Massachusetts Financial Services Company decreased Huntington Bancshares Inc (NASDAQ:HBAN) stake by 108,280 shares to 5.74 million valued at $75.94M in 2016Q4. It also reduced Healthcare Svcs Grp Inc (NASDAQ:HCSG) stake by 81,607 shares and now owns 780,312 shares. Abbott Labs (NYSE:ABT) was reduced too.

Since January 19, 2017, it had 0 insider buys, and 15 sales for $72.48 million activity. $37.12M worth of U.S. Bancorp (NYSE:USB) was sold by DAVIS RICHARD K. Elmore John R. had sold 30,000 shares worth $1.60M on Wednesday, February 1. The insider DOLAN TERRANCE R sold 101,334 shares worth $5.13M. The insider CARLSON JENNIE P sold 20,000 shares worth $1.08 million. 29,449 shares were sold by Parker P.W., worth $1.53M on Tuesday, May 16. $743,177 worth of stock was sold by Stone Kent V. on Friday, January 27. 11,757 shares were sold by OMALEY DAVID B, worth $648,869.

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