Farther Finance Advisors LLC Makes New Investment in BlackRock Municipal Income Fund, Inc. (NYSE:MUI)

Farther Finance Advisors LLC bought a new stake in shares of BlackRock Municipal Income Fund, Inc. (NYSE:MUI) during the third quarter, Holdings Channel.com reports. The fund bought 2,252 shares of the company’s stock, valued at approximately $28,000.

A number of other institutional investors have also recently modified their holdings of the business. Pathway Financial Advisers LLC raised its position in shares of BlackRock Municipal Income Fund by 2.6% during the 2nd quarter. Pathway Financial Advisers LLC now owns 32,240 shares of the company’s stock worth $398,000 after purchasing an additional 808 shares during the last quarter. Janney Montgomery Scott LLC raised its holdings in shares of BlackRock Municipal Income Fund by 7.5% during the first quarter. Janney Montgomery Scott LLC now owns 14,817 shares of the company’s stock valued at $179,000 after acquiring an additional 1,036 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of BlackRock Municipal Income Fund by 2.2% in the second quarter. Bank of New York Mellon Corp now owns 67,077 shares of the company’s stock valued at $828,000 after acquiring an additional 1,451 shares in the last quarter. Ironsides Asset Advisors LLC boosted its stake in shares of BlackRock Municipal Income Fund by 4.0% in the first quarter. Ironsides Asset Advisors LLC now owns 42,865 shares of the company’s stock worth $517,000 after acquiring an additional 1,633 shares during the last quarter. Finally, U.S. Capital Wealth Advisors LLC increased its position in shares of BlackRock Municipal Income Fund by 4.4% during the second quarter. U.S. Capital Wealth Advisors LLC now owns 38,789 shares of the company’s stock worth $479,000 after purchasing an additional 1,635 shares in the last quarter.

BlackRock Municipal Income Fund Price Performance

NYSE MUI opened at $12.19 on Friday. BlackRock Municipal Income Fund, Inc. has a one year low of $10.78 and a one year high of $12.83. The business has a fifty day moving average price of $12.49 and a 200 day moving average price of $12.35.

BlackRock Municipal Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be given a dividend of $0.055 per share. The ex-dividend date is Friday, November 15th. This represents a $0.66 dividend on an annualized basis and a yield of 5.41%.

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.