BlackRock Municipal Income Fund, Inc. (NYSE:MUI) Shares Sold by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. reduced its stake in BlackRock Municipal Income Fund, Inc. (NYSE:MUI) by 67.4% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 83,722 shares of the company’s stock after selling 172,906 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in BlackRock Municipal Income Fund were worth $1,010,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Drive Wealth Management LLC purchased a new position in BlackRock Municipal Income Fund during the fourth quarter worth about $131,000. Cerity Partners LLC purchased a new position in BlackRock Municipal Income Fund in the fourth quarter worth approximately $141,000. Scissortail Wealth Management LLC acquired a new stake in BlackRock Municipal Income Fund during the fourth quarter worth $150,000. Tyche Wealth Partners LLC purchased a new stake in BlackRock Municipal Income Fund in the fourth quarter valued at $192,000. Finally, Park Avenue Securities LLC lifted its stake in shares of BlackRock Municipal Income Fund by 13.7% in the 1st quarter. Park Avenue Securities LLC now owns 16,859 shares of the company’s stock valued at $203,000 after purchasing an additional 2,030 shares during the last quarter.

BlackRock Municipal Income Fund Price Performance

Shares of NYSE:MUI opened at $12.32 on Tuesday. The business has a 50-day moving average price of $12.10 and a 200 day moving average price of $11.87. BlackRock Municipal Income Fund, Inc. has a 12-month low of $9.73 and a 12-month high of $12.42.

BlackRock Municipal Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Monday, July 1st. Stockholders of record on Friday, June 14th were issued a $0.055 dividend. The ex-dividend date was Friday, June 14th. This represents a $0.66 annualized dividend and a dividend yield of 5.36%.

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.