Bank of New York Mellon Corp Raises Stake in BlackRock Municipal Income Fund, Inc. (NYSE:MUI)

Bank of New York Mellon Corp raised its holdings in BlackRock Municipal Income Fund, Inc. (NYSE:MUI) by 2.2% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 67,077 shares of the company’s stock after purchasing an additional 1,451 shares during the quarter. Bank of New York Mellon Corp’s holdings in BlackRock Municipal Income Fund were worth $828,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the stock. Weiss Asset Management LP acquired a new stake in shares of BlackRock Municipal Income Fund in the fourth quarter valued at $208,000. Karpus Management Inc. lifted its holdings in BlackRock Municipal Income Fund by 16.9% in the fourth quarter. Karpus Management Inc. now owns 12,403,877 shares of the company’s stock valued at $144,381,000 after acquiring an additional 1,791,567 shares during the period. Oppenheimer & Co. Inc. boosted its holdings in BlackRock Municipal Income Fund by 21.7% during the first quarter. Oppenheimer & Co. Inc. now owns 14,912 shares of the company’s stock worth $180,000 after buying an additional 2,662 shares in the last quarter. Gridiron Partners LLC acquired a new stake in shares of BlackRock Municipal Income Fund in the 4th quarter worth approximately $1,064,000. Finally, PNC Financial Services Group Inc. boosted its position in shares of BlackRock Municipal Income Fund by 21.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 371,556 shares of the company’s stock worth $4,325,000 after buying an additional 64,556 shares in the last quarter.

BlackRock Municipal Income Fund Stock Down 0.1 %

MUI opened at $12.39 on Monday. The business’s fifty day simple moving average is $12.42 and its 200 day simple moving average is $12.17. BlackRock Municipal Income Fund, Inc. has a 52 week low of $9.73 and a 52 week high of $12.58.

BlackRock Municipal Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 1st. Stockholders of record on Tuesday, October 15th will be given a $0.055 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 5.33%. The ex-dividend date is Tuesday, October 15th.

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.