Sanctuary Advisors LLC cut its holdings in BlackRock Municipal Income Fund, Inc. (NYSE:MUI – Free Report) by 12.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,986 shares of the company’s stock after selling 2,994 shares during the quarter. Sanctuary Advisors LLC’s holdings in BlackRock Municipal Income Fund were worth $264,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of the business. Choreo LLC grew its holdings in BlackRock Municipal Income Fund by 101.2% in the second quarter. Choreo LLC now owns 56,785 shares of the company’s stock worth $700,000 after purchasing an additional 28,565 shares during the period. Wolverine Asset Management LLC purchased a new stake in shares of BlackRock Municipal Income Fund in the 2nd quarter worth approximately $27,000. Bank of New York Mellon Corp increased its position in BlackRock Municipal Income Fund by 2.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 67,077 shares of the company’s stock valued at $828,000 after buying an additional 1,451 shares in the last quarter. Pathway Financial Advisers LLC raised its stake in BlackRock Municipal Income Fund by 2.6% during the second quarter. Pathway Financial Advisers LLC now owns 32,240 shares of the company’s stock valued at $398,000 after buying an additional 808 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its stake in BlackRock Municipal Income Fund by 28.4% during the second 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
NYSE MUI opened at $12.11 on Friday. BlackRock Municipal Income Fund, Inc. has a 12 month low of $11.35 and a 12 month high of $12.83. The stock’s fifty day moving average price is $12.48 and its 200-day moving average price is $12.45.
BlackRock Municipal Income Fund Dividend Announcement
The company also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be given a dividend of $0.055 per share. This represents a $0.66 annualized dividend and a yield of 5.45%. The ex-dividend date of this dividend is Monday, December 16th.
BlackRock Municipal Income Fund Company Profile
(Free Report)
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.
See Also
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