PNC Financial Services Group Inc. Grows Stake in BlackRock Municipal Income Fund, Inc. (NYSE:MUI)

PNC Financial Services Group Inc. grew its position in shares of BlackRock Municipal Income Fund, Inc. (NYSE:MUI) by 21.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 371,556 shares of the company’s stock after purchasing an additional 64,556 shares during the period. PNC Financial Services Group Inc.’s holdings in BlackRock Municipal Income Fund were worth $4,325,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Drive Wealth Management LLC purchased a new position in shares of BlackRock Municipal Income Fund during the 4th quarter valued at $131,000. Cerity Partners LLC purchased a new position in BlackRock Municipal Income Fund in the fourth quarter worth $141,000. Scissortail Wealth Management LLC purchased a new position in BlackRock Municipal Income Fund in the fourth quarter worth $150,000. Tyche Wealth Partners LLC purchased a new position in BlackRock Municipal Income Fund in the fourth quarter worth $192,000. Finally, Weiss Asset Management LP purchased a new position in BlackRock Municipal Income Fund in the fourth quarter worth $208,000.

BlackRock Municipal Income Fund Trading Up 0.3 %

Shares of NYSE:MUI opened at $12.39 on Wednesday. BlackRock Municipal Income Fund, Inc. has a 52-week low of $9.73 and a 52-week high of $12.42. The firm has a fifty day moving average of $11.97 and a 200 day moving average of $11.81.

BlackRock Municipal Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, July 1st. Investors of record on Friday, June 14th will be given a $0.055 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $0.66 annualized dividend and a yield of 5.33%.

BlackRock Municipal Income Fund Profile

BlackRock Muni Intermediate Duration Fund, Inc is a closed ended fixed income mutual fund launched by BlackRock, Inc It is managed by BlackRock Advisors, LLC. The fund invests in fixed income markets. It primarily invests in investment grade municipal bonds exempt from federal income taxes and with a duration of three to ten years at the time of investment.