PenderFund Capital Management’s BlackRock Municipal Income Fund, Inc. MUI Stock Holding History

PenderFund Capital Management’s Portfolio MUI Stock Details MUI Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2020 Q4	–	Sell	-100,000	Closed	-$1.87M	–	92
2020 Q3	$1.87M	Sell	100,000 -100,000	-50%	-$1.41M	0.52%	53
2020 Q2	$3.75M	Sell	200,000 -100,000	-33%	-$1.33M	1.01%	40
2020 Q1	$5.51M	Buy	+300,000	New	+$4.28M	1.72%	22
2019 Q4	–	Sell	-180,000	Closed	-$2.52M	–	62
2019 Q3	$2.52M	Sell	180,000 -160,000	-47%	-$2.29M	0.85%	36
2019 Q2	$4.83M	Hold	340,000	–	–	1.72%	22
2019 Q1	$6.16M	Buy	340,000 +100,000	+42%	+$1.34M	1.79%	23
2018 Q4	$3.04M	Buy	240,000 +65,000	+37%	+$818K	1%	35
2018 Q3	$2.29M	Hold	175,000	–	–	0.71%	39
2018 Q2	$2.31M	Buy	+175,000	New	+$2.29M	0.81%	36

Other funds holding MUI

PPA

Parametric Portfolio Associates Seattle, Washington $190B AUM 18.52% 1-Year Est. Return

MSL

Mackay Shields LLC New York $2.73B AUM 2.13% 1-Year Est. Return

Wells Fargo San Francisco, California $530B AUM 22.01% 1-Year Est. Return

Morgan Stanley New York $1.66T AUM 25.57% 1-Year Est. Return

Bank of America Charlotte, North Carolina $1.37T AUM 24.88% 1-Year Est. Return

1CP

1607 Capital Partners Richmond, Virginia $1.39B AUM 8.35% 1-Year Est. Return

VCM

Vivaldi Capital Management Chicago, Illinois $723M AUM 30.89% 1-Year Est. Return

CIA

Capital Investment Advisors Atlanta, Georgia $6.84B AUM 17.28% 1-Year Est. Return

UBS Group Zurich, Switzerland $666B AUM 30.12% 1-Year Est. Return

HighTower Advisors Chicago, Illinois $94.2B AUM 21.24% 1-Year Est. Return

PenderFund Capital Management's MUI Position: Q4 2020 in Review

PenderFund Capital Management sold out of BlackRock Municipal Income Fund, Inc. (MUI) in Q4 2020, closing a stake of 100,000 shares — an estimated $1.87M sold.

PenderFund Capital Management first reported a position in MUI in Q2 2018 and held it in 9 quarters. The position peaked at $6.16M in Q1 2019. 87 funds tracked by Wall St. Rank hold MUI as of Q4 2020.

PenderFund Capital Management reported no remaining BlackRock Municipal Income Fund, Inc. position as of Q4 2020 after selling out during the quarter.
PenderFund Capital Management sold 100,000 BlackRock Municipal Income Fund, Inc. shares in Q4 2020, an estimated $1.87M.
PenderFund Capital Management first reported a position in BlackRock Municipal Income Fund, Inc. in Q2 2018 and held it in 9 quarters.
PenderFund Capital Management's BlackRock Municipal Income Fund, Inc. position peaked at $6.16M in Q1 2019.
87 funds tracked by Wall St. Rank held BlackRock Municipal Income Fund, Inc. as of Q4 2020.

Based on PenderFund Capital Management's 13F filing for Q4 2020, filed 12 Feb 2021.