Sanctuary Advisors LLC Has $591,000 Stake in BlackRock Municipal Income Fund, Inc. (NYSE:MUI)

Sanctuary Advisors LLC raised its stake in BlackRock Municipal Income Fund, Inc. (NYSE:MUI) by 131.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 48,495 shares of the company’s stock after acquiring an additional 27,509 shares during the period. Sanctuary Advisors LLC’s holdings in BlackRock Municipal Income Fund were worth $591,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of MUI. Eagle Bay Advisors LLC bought a new stake in shares of BlackRock Municipal Income Fund in the 4th quarter worth about $85,000. XTX Topco Ltd acquired a new position in BlackRock Municipal Income Fund in the third quarter valued at about $217,000. Quarry LP bought a new stake in BlackRock Municipal Income Fund during the third quarter worth about $2,404,000. HighTower Advisors LLC increased its holdings in shares of BlackRock Municipal Income Fund by 2.0% during the third quarter. HighTower Advisors LLC now owns 311,441 shares of the company’s stock worth $3,913,000 after buying an additional 5,965 shares in the last quarter. Finally, Benjamin Edwards Inc. bought a new position in shares of BlackRock Municipal Income Fund in the third quarter valued at approximately $220,000.

BlackRock Municipal Income Fund Price Performance

Shares of MUI opened at $12.08 on Friday. BlackRock Municipal Income Fund, Inc. has a one year low of $11.46 and a one year high of $12.83. The business’s 50 day simple moving average is $12.12 and its 200-day simple moving average is $12.38.

BlackRock Municipal Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Friday, February 14th were paid a $0.055 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 5.46%. The ex-dividend date was Friday, February 14th.

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.