BlackRock Municipal Income Fund, Inc. (NYSE:MUI) Shares Sold by Wells Fargo & Company MN

Wells Fargo & Company MN reduced its holdings in shares of BlackRock Municipal Income Fund, Inc. (NYSE:MUIFree Report) by 8.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 572,644 shares of the company’s stock after selling 53,571 shares during the period. Wells Fargo & Company MN’s holdings in BlackRock Municipal Income Fund were worth $6,666,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Fort Point Capital Partners LLC acquired a new position in BlackRock Municipal Income Fund during the 3rd quarter valued at about $159,000. Mackay Shields LLC purchased a new stake in BlackRock Municipal Income Fund during the 4th quarter valued at about $914,000. Scissortail Wealth Management LLC purchased a new stake in BlackRock Municipal Income Fund during the 4th quarter valued at about $150,000. Van ECK Associates Corp grew its stake in BlackRock Municipal Income Fund by 10.9% during the 4th quarter. Van ECK Associates Corp now owns 535,712 shares of the company’s stock valued at $6,236,000 after purchasing an additional 52,436 shares during the last quarter. Finally, Wealth Effects LLC purchased a new stake in BlackRock Municipal Income Fund during the 4th quarter valued at about $215,000.

BlackRock Municipal Income Fund Trading Up 0.1 %

BlackRock Municipal Income Fund stock opened at $12.16 on Friday. The business’s 50-day simple moving average is $11.89 and its two-hundred day simple moving average is $11.74. BlackRock Municipal Income Fund, Inc. has a fifty-two week low of $9.73 and a fifty-two week high of $12.29.

BlackRock Municipal Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, June 14th will be paid a dividend of $0.055 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $0.66 annualized dividend and a yield of 5.43%.

BlackRock Municipal Income Fund 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.

Featured Articles

Want to see what other hedge funds are holding MUI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BlackRock Municipal Income Fund, Inc. (NYSE:MUIFree Report).

Institutional Ownership by Quarter for BlackRock Municipal Income Fund (NYSE:MUI)

Receive News & Ratings for BlackRock Municipal Income Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BlackRock Municipal Income Fund and related companies with MarketBeat.com's FREE daily email newsletter.