Pathway Financial Advisers LLC Purchases 808 Shares of BlackRock Municipal Income Fund, Inc. (NYSE:MUI)

Pathway Financial Advisers LLC raised its position in BlackRock Municipal Income Fund, Inc. (NYSE:MUI) by 2.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 32,240 shares of the company’s stock after purchasing an additional 808 shares during the quarter. Pathway Financial Advisers LLC’s holdings in BlackRock Municipal Income Fund were worth $398,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Wolverine Asset Management LLC bought a new position in BlackRock Municipal Income Fund during the second quarter worth about $27,000. Eagle Bay Advisors LLC acquired a new position in BlackRock Municipal Income Fund during the 2nd quarter worth approximately $82,000. WealthShield Partners LLC bought a new position in shares of BlackRock Municipal Income Fund in the 2nd quarter valued at $144,000. Cetera Advisors LLC bought a new position in BlackRock Municipal Income Fund in the first quarter valued at about $145,000. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in BlackRock Municipal Income Fund by 28.4% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 13,530 shares of the company’s stock valued at $167,000 after buying an additional 2,993 shares during the last quarter.

BlackRock Municipal Income Fund Price Performance

Shares of BlackRock Municipal Income Fund stock opened at $12.54 on Tuesday. The company’s fifty day moving average is $12.43 and its 200 day moving average is $12.18. BlackRock Municipal Income Fund, Inc. has a twelve month low of $9.73 and a twelve month high of $12.58.

BlackRock Municipal Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 15th will be issued a $0.055 dividend. This represents a $0.66 annualized dividend and a yield of 5.26%. The ex-dividend date of this dividend 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.