Sanctuary Advisors LLC Reduces Position in BlackRock Municipal Income Fund, Inc. (NYSE:MUI)

Sanctuary Advisors LLC decreased its position in BlackRock Municipal Income Fund, Inc. (NYSE:MUI) by 12.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 20,986 shares of the company’s stock after selling 2,994 shares during the period. Sanctuary Advisors LLC’s holdings in BlackRock Municipal Income Fund were worth $264,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Larson Financial Group LLC increased its position in shares of BlackRock Municipal Income Fund by 240.0% in the third quarter. Larson Financial Group LLC now owns 2,040 shares of the company’s stock valued at $26,000 after acquiring an additional 1,440 shares during the period. Wolverine Asset Management LLC purchased a new position in BlackRock Municipal Income Fund during the 2nd quarter valued at about $27,000. Farther Finance Advisors LLC purchased a new position in BlackRock Municipal Income Fund during the 3rd quarter valued at about $28,000. Wiser Wealth Management Inc bought a new position in BlackRock Municipal Income Fund during the 3rd quarter valued at approximately $140,000. Finally, US Bancorp DE lifted its holdings in BlackRock Municipal Income Fund by 140.5% in the 3rd quarter. US Bancorp DE now owns 12,400 shares of the company’s stock worth $156,000 after buying an additional 7,244 shares during the period.

BlackRock Municipal Income Fund Price Performance

MUI opened at $12.11 on Friday. The stock’s 50 day moving average price is $12.48 and its 200-day moving average price is $12.45. BlackRock Municipal Income Fund, Inc. has a 52-week low of $11.35 and a 52-week high of $12.83.

BlackRock Municipal Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be given a dividend of $0.055 per share. This represents a $0.66 dividend on an annualized basis and a yield of 5.45%. The ex-dividend date of this dividend is Monday, December 16th.

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.