Traynor Capital Management Lowers stake in Pimco Municipal Income Fund (PMF)

Pimco Municipal Income Fund (PMF) : Traynor Capital Management reduced its stake in Pimco Municipal Income Fund by 31.91% during the most recent quarter end. The investment management company now holds a total of 82,828 shares of Pimco Municipal Income Fund which is valued at $1,365,834 after selling 38,816 shares in Pimco Municipal Income Fund , the firm said in a disclosure report filed with the SEC on Apr 18, 2016.Pimco Municipal Income Fund makes up approximately 1.06% of Traynor Capital Management’s portfolio.

Other Hedge Funds, Including , Sigma Planning Corp boosted its stake in PMF in the latest quarter, The investment management firm added 52 additional shares and now holds a total of 14,154 shares of Pimco Municipal Income Fund which is valued at $233,399. Pimco Municipal Income Fund makes up approx 0.03% of Sigma Planning Corp’s portfolio.Benjamin F. Edwards Company boosted its stake in PMF in the latest quarter, The investment management firm added 4,448 additional shares and now holds a total of 37,616 shares of Pimco Municipal Income Fund which is valued at $617,279. Pimco Municipal Income Fund makes up approx 0.13% of Benjamin F. Edwards Company’s portfolio.Creative Planning boosted its stake in PMF in the latest quarter, The investment management firm added 600 additional shares and now holds a total of 2,964 shares of Pimco Municipal Income Fund which is valued at $48,254.

PIMCO Municipal Income Fund (the Fund) is a diversified closed-end management investment company. The Fund’s primary investment objective is to seek current income exempt from federal income tax by investing in a portfolio of municipal bonds. The fund normally invests at least 90% of its net assets (and at least 80% of its net assets plus any borrowings for investment purposes) in municipal bonds that pay interest that is exempt from federal income tax. The Fund also seeks to be alternative minimum tax (AMT)-free by avoiding bonds generating interest that may subject individuals to the AMT. The Fund’s investment portfolio includes education hospital housing industry development/pollution control lease power resource recovery special tax transportation water and sewer tobacco municipal the United States Government mortgage and emerging markets among others. Pacific Investment Management Company LLC serves as the Funds’ investment manager.

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