PIMCO Global StocksPLUS & Income Fund (PGP) : Traynor Capital Management scooped up 3,175 additional shares in PIMCO Global StocksPLUS & Income Fund during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 18, 2016. The investment management firm now holds a total of 115,932 shares of PIMCO Global StocksPLUS & Income Fund which is valued at $2,278,759.PIMCO Global StocksPLUS & Income Fund makes up approximately 1.77% of Traynor Capital Management’s portfolio.
PIMCO Global StocksPLUS & Income Fund opened for trading at $19.72 and hit $19.72 on the upside on Friday, eventually ending the session at $19.656, with a gain of 0.23% or 0.046 points. The heightened volatility saw the trading volume jump to 17,507 shares. Company has a market cap of $216 M.
PIMCO Global StocksPLUS & Income Fund is a diversified closed-end management investment fund. The Fund’s investment objective is to seek total return which consists of current income current gains and long-term capital appreciation. The Fund seeks to invest up to 20% of its total assets in common stocks and other equity securities from time to time including those it has received through the conversion of a convertible security held by the Fund or in connection with the restructuring of a debt security. The Fund invests in securities such as bank loan obligations corporate bonds and notes municipal bonds and notes the United States Government agencies the United States treasury obligations mortgage-backed securities asset-backed securities and short-term instruments among others. Pacific Investment Management Company LLC is the investment manager of the Fund.