Dakota Wealth Management Sells 104,266 Shares of BlackRock Municipal Income Fund, Inc. (NYSE:MUI)

Dakota Wealth Management reduced its holdings in shares of BlackRock Municipal Income Fund, Inc. (NYSE:MUI) by 29.8% in the 4th quarter, Holdings Channel.com reports. The fund owned 246,200 shares of the company’s stock after selling 104,266 shares during the period. Dakota Wealth Management’s holdings in BlackRock Municipal Income Fund were worth $2,984,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. PNC Financial Services Group Inc. grew its position in BlackRock Municipal Income Fund by 21.8% in the third quarter. PNC Financial Services Group Inc. now owns 470,285 shares of the company’s stock valued at $5,916,000 after purchasing an additional 84,149 shares in the last quarter. Van ECK Associates Corp boosted its stake in shares of BlackRock Municipal Income Fund by 2.0% during the 3rd quarter. Van ECK Associates Corp now owns 421,867 shares of the company’s stock worth $5,244,000 after buying an additional 8,266 shares during the last quarter. Pathway Financial Advisers LLC grew its holdings in shares of BlackRock Municipal Income Fund by 1,150.0% in the 3rd quarter. Pathway Financial Advisers LLC now owns 402,989 shares of the company’s stock valued at $5,070,000 after acquiring an additional 370,749 shares in the last quarter. HighTower Advisors LLC increased its position in shares of BlackRock Municipal Income Fund by 2.0% in the third quarter. HighTower Advisors LLC now owns 311,441 shares of the company’s stock valued at $3,913,000 after acquiring an additional 5,965 shares during the last quarter. Finally, Quarry LP bought a new stake in BlackRock Municipal Income Fund during the third quarter worth about $2,404,000.

BlackRock Municipal Income Fund Stock Performance

MUI stock opened at $12.16 on Thursday. BlackRock Municipal Income Fund, Inc. has a twelve month low of $11.44 and a twelve month high of $12.83. The business has a 50 day moving average price of $12.38 and a two-hundred day moving average price of $12.43.

BlackRock Municipal Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, February 3rd. Investors of record on Wednesday, January 15th will be paid a $0.055 dividend. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $0.66 annualized dividend and a dividend yield of 5.43%.

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.