Stifel Financial Corp Sells 95,819 Shares of BlackRock Municipal Income Fund, Inc. (NYSE:MUI)

Stifel Financial Corp cut its position in shares of BlackRock Municipal Income Fund, Inc. (NYSE:MUI) by 60.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 63,311 shares of the company’s stock after selling 95,819 shares during the quarter. Stifel Financial Corp’s holdings in BlackRock Municipal Income Fund were worth $796,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of MUI. Pathway Financial Advisers LLC grew its position in BlackRock Municipal Income Fund by 2.6% during the second quarter. Pathway Financial Advisers LLC now owns 32,240 shares of the company’s stock valued at $398,000 after acquiring an additional 808 shares during the last quarter. Larson Financial Group LLC lifted its stake in BlackRock Municipal Income Fund by 240.0% in the third quarter. Larson Financial Group LLC now owns 2,040 shares of the company’s stock worth $26,000 after purchasing an additional 1,440 shares during the last quarter. Bank of New York Mellon Corp boosted its position in BlackRock Municipal Income Fund by 2.2% during the second quarter. Bank of New York Mellon Corp now owns 67,077 shares of the company’s stock valued at $828,000 after buying an additional 1,451 shares during the period. Wolverine Asset Management LLC bought a new position in shares of BlackRock Municipal Income Fund during the second quarter valued at about $27,000. Finally, Farther Finance Advisors LLC purchased a new position in shares of BlackRock Municipal Income Fund in the third quarter worth about $28,000.

BlackRock Municipal Income Fund Trading Down 0.7 %

Shares of MUI stock opened at $12.19 on Wednesday. BlackRock Municipal Income Fund, Inc. has a fifty-two week low of $11.35 and a fifty-two week high of $12.83. The stock has a 50 day moving average price of $12.52 and a two-hundred day moving average price of $12.45.

BlackRock Municipal Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be given a dividend of $0.055 per share. This represents a $0.66 dividend on an annualized basis and a yield of 5.41%. The ex-dividend date of this dividend is Monday, December 16th.

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.