HighTower Advisors LLC Reduces Stock Holdings in BlackRock Municipal Income Fund, Inc. (NYSE:MUI)

HighTower Advisors LLC lessened its stake in shares of BlackRock Municipal Income Fund, Inc. (NYSE:MUI) by 95.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,273 shares of the company’s stock after selling 298,168 shares during the quarter. HighTower Advisors LLC’s holdings in BlackRock Municipal Income Fund were worth $161,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Raymond James Financial Inc. acquired a new position in BlackRock Municipal Income Fund in the fourth quarter valued at $893,000. Noble Wealth Management PBC acquired a new stake in shares of BlackRock Municipal Income Fund in the 4th quarter valued at about $61,000. Sanctuary Advisors LLC grew its stake in BlackRock Municipal Income Fund by 131.1% during the 4th quarter. Sanctuary Advisors LLC now owns 48,495 shares of the company’s stock worth $591,000 after buying an additional 27,509 shares during the last quarter. Eagle Bay Advisors LLC acquired a new position in BlackRock Municipal Income Fund during the fourth quarter worth approximately $85,000. Finally, XTX Topco Ltd purchased a new stake in BlackRock Municipal Income Fund in the third quarter valued at approximately $217,000.

BlackRock Municipal Income Fund Price Performance

MUI stock opened at $12.08 on Friday. The business has a 50 day simple moving average of $12.08 and a 200-day simple moving average of $12.31. BlackRock Municipal Income Fund, Inc. has a twelve month low of $11.46 and a twelve month high of $12.83.

BlackRock Municipal Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Friday, February 14th were paid a $0.055 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.66 dividend on an annualized basis and a yield of 5.46%.

BlackRock Municipal Income Fund Company 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.