Raymond James Financial Inc. Purchases New Holdings in BlackRock Municipal Income Fund, Inc. (NYSE:MUI)

Posted by Defense World Staff on Apr 5th, 2025

Raymond James Financial Inc. purchased a new stake in BlackRock Municipal Income Fund, Inc. (NYSE:MUI – Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 73,676 shares of the company’s stock, valued at approximately $893,000.

Other hedge funds also recently modified their holdings of the company. Walleye Capital LLC bought a new position in BlackRock Municipal Income Fund in the third quarter worth $890,000. Sanctuary Advisors LLC raised its stake in shares of BlackRock Municipal Income Fund by 131.1% in the 4th quarter. Sanctuary Advisors LLC now owns 48,495 shares of the company’s stock valued at $591,000 after buying an additional 27,509 shares in the last quarter. Benjamin Edwards Inc. bought a new position in shares of BlackRock Municipal Income Fund during the 3rd quarter worth about $220,000. XTX Topco Ltd acquired a new stake in shares of BlackRock Municipal Income Fund during the 3rd quarter valued at about $217,000. Finally, Eagle Bay Advisors LLC bought a new stake in BlackRock Municipal Income Fund in the fourth quarter valued at about $85,000.

BlackRock Municipal Income Fund Stock Performance

Shares of MUI opened at $12.08 on Friday. The company has a 50-day moving average price of $12.08 and a two-hundred day moving average price of $12.31. BlackRock Municipal Income Fund, Inc. has a 12 month low of $11.46 and a 12 month high of $12.83.

BlackRock Municipal Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Wednesday, February 26th. Investors of record on Friday, February 14th were given a dividend of $0.055 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.66 annualized dividend and a dividend yield of 5.46%.

BlackRock Municipal Income Fund Company Profile

(Free Report)

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.