Farther Finance Advisors LLC Buys Shares of 2,252 BlackRock Municipal Income Fund, Inc. (NYSE:MUI)

Farther Finance Advisors LLC purchased a new position in BlackRock Municipal Income Fund, Inc. (NYSE:MUI) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 2,252 shares of the company’s stock, valued at approximately $28,000.

A number of other institutional investors have also modified their holdings of the company. Karpus Management Inc. lifted its stake in 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 period. Pathway Financial Advisers LLC lifted its position in BlackRock Municipal Income Fund by 1,150.0% during the third quarter. Pathway Financial Advisers LLC now owns 402,989 shares of the company’s stock valued at $5,070,000 after purchasing an additional 370,749 shares during the period. Dakota Wealth Management boosted its holdings in BlackRock Municipal Income Fund by 7.6% in the third quarter. Dakota Wealth Management now owns 350,466 shares of the company’s stock valued at $4,409,000 after purchasing an additional 24,765 shares during the last quarter. Advisors Asset Management Inc. grew its position in BlackRock Municipal Income Fund by 31.1% during the 1st quarter. Advisors Asset Management Inc. now owns 284,167 shares of the company’s stock worth $3,427,000 after purchasing an additional 67,478 shares during the period. Finally, Commonwealth Equity Services LLC raised its stake in shares of BlackRock Municipal Income Fund by 3.1% during the 2nd quarter. Commonwealth Equity Services LLC now owns 91,661 shares of the company’s stock valued at $1,131,000 after buying an additional 2,757 shares during the last quarter.

BlackRock Municipal Income Fund Price Performance

Shares of MUI stock opened at $12.19 on Friday. BlackRock Municipal Income Fund, Inc. has a 52-week low of $10.78 and a 52-week high of $12.83. The business has a 50-day simple moving average of $12.49 and a 200-day simple moving average of $12.35.

BlackRock Municipal Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be given a $0.055 dividend. The ex-dividend date is Friday, November 15th. This represents a $0.66 annualized dividend and a yield of 5.41%.

About BlackRock Municipal Income Fund

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.