Raymond James & Associates Purchases 10,070 Shares of BlackRock Municipal Income Fund, Inc. (NYSE:MUI)

Raymond James & Associates lifted its position in BlackRock Municipal Income Fund, Inc. (NYSE:MUI) by 8.1% in the 4th quarter, Holdings Channel reports. The fund owned 133,906 shares of the company’s stock after acquiring an additional 10,070 shares during the quarter. Raymond James & Associates’ holdings in BlackRock Municipal Income Fund were worth $1,559,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Raymond James Financial Services Advisors Inc. boosted its stake in BlackRock Municipal Income Fund by 7.1% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 60,881 shares of the company’s stock valued at $799,000 after purchasing an additional 4,019 shares during the last quarter. Cetera Advisor Networks LLC lifted its holdings in shares of BlackRock Municipal Income Fund by 24.5% during the first quarter. Cetera Advisor Networks LLC now owns 12,700 shares of the company’s stock valued at $167,000 after purchasing an additional 2,500 shares in the last quarter. Baird Financial Group Inc. boosted its position in shares of BlackRock Municipal Income Fund by 36.6% during the first quarter. Baird Financial Group Inc. now owns 29,973 shares of the company’s stock valued at $394,000 after buying an additional 8,032 shares during the last quarter. Nations Financial Group Inc. IA ADV bought a new stake in BlackRock Municipal Income Fund in the 1st quarter worth about $437,000. Finally, UBS Group AG increased its holdings in BlackRock Municipal Income Fund by 1.4% in the 1st quarter. UBS Group AG now owns 330,572 shares of the company’s stock worth $4,340,000 after buying an additional 4,681 shares in the last quarter.

BlackRock Municipal Income Fund Stock Performance

MUI opened at $11.62 on Friday. The company’s 50-day simple moving average is $11.83 and its two-hundred day simple moving average is $11.31. BlackRock Municipal Income Fund, Inc. has a 52-week low of $9.73 and a 52-week high of $12.09.

BlackRock Municipal Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Monday, April 15th will be issued a dividend of $0.055 per share. The ex-dividend date is Friday, April 12th. This represents a $0.66 annualized dividend and a dividend yield of 5.68%.

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.