Sanctuary Advisors LLC Acquires Shares of 23,980 BlackRock Municipal Income Fund, Inc. (NYSE:MUI)

Sanctuary Advisors LLC acquired a new stake in shares of BlackRock Municipal Income Fund, Inc. (NYSE:MUI) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 23,980 shares of the company’s stock, valued at approximately $275,000.

A number of other institutional investors and hedge funds have also bought and sold shares of MUI. Karpus Management Inc. boosted its holdings in shares of BlackRock Municipal Income Fund by 7.9% during the 1st quarter. Karpus Management Inc. now owns 13,377,640 shares of the company’s stock valued at $161,334,000 after acquiring an additional 973,763 shares during the last quarter. City of London Investment Management Co. Ltd. raised its position in shares of BlackRock Municipal Income Fund by 86.4% during the first quarter. City of London Investment Management Co. Ltd. now owns 353,191 shares of the company’s stock valued at $4,259,000 after buying an additional 163,719 shares during the last quarter. Advisors Asset Management Inc. raised its position in shares of BlackRock Municipal Income Fund by 31.1% during the first quarter. Advisors Asset Management Inc. now owns 284,167 shares of the company’s stock valued at $3,427,000 after buying an additional 67,478 shares during the last quarter. Alpine Global Management LLC bought a new stake in shares of BlackRock Municipal Income Fund during the first quarter valued at approximately $784,000. Finally, Rothschild Investment LLC bought a new stake in shares of BlackRock Municipal Income Fund during the second quarter valued at approximately $745,000.

BlackRock Municipal Income Fund Stock Performance

Shares of MUI opened at $12.58 on Friday. The company’s fifty day moving average is $12.51 and its 200 day moving average is $12.25. BlackRock Municipal Income Fund, Inc. has a fifty-two week low of $9.73 and a fifty-two week high of $12.83.

BlackRock Municipal Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 15th will be given a $0.055 dividend. This represents a $0.66 annualized dividend and a yield of 5.25%. 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.