Park Avenue Securities LLC Grows Holdings in BlackRock Municipal Income Fund, Inc. (NYSE:MUI)

Park Avenue Securities LLC grew its holdings in BlackRock Municipal Income Fund, Inc. (NYSE:MUIFree Report) by 13.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,859 shares of the company’s stock after purchasing an additional 2,030 shares during the period. Park Avenue Securities LLC’s holdings in BlackRock Municipal Income Fund were worth $203,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Wellspring Financial Advisors LLC grew its position in shares of BlackRock Municipal Income Fund by 2.5% during the 4th quarter. Wellspring Financial Advisors LLC now owns 38,350 shares of the company’s stock worth $446,000 after buying an additional 950 shares in the last quarter. Edmonds Duncan Registered Investment Advisors LLC grew its position in shares of BlackRock Municipal Income Fund by 1.0% during the 4th quarter. Edmonds Duncan Registered Investment Advisors LLC now owns 139,084 shares of the company’s stock worth $1,619,000 after buying an additional 1,366 shares in the last quarter. Melfa Wealth Management LLC grew its position in shares of BlackRock Municipal Income Fund by 3.7% during the 4th quarter. Melfa Wealth Management LLC now owns 110,981 shares of the company’s stock worth $1,292,000 after buying an additional 3,999 shares in the last quarter. Allegheny Financial Group LTD grew its position in shares of BlackRock Municipal Income Fund by 10.2% during the 4th quarter. Allegheny Financial Group LTD now owns 65,033 shares of the company’s stock worth $757,000 after buying an additional 6,011 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. grew its position in shares of BlackRock Municipal Income Fund by 6.5% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 100,455 shares of the company’s stock worth $1,169,000 after buying an additional 6,089 shares in the last quarter.

BlackRock Municipal Income Fund Price Performance

MUI opened at $12.30 on Wednesday. BlackRock Municipal Income Fund, Inc. has a 12-month low of $9.73 and a 12-month high of $12.42. The business’s fifty day simple moving average is $12.11 and its 200-day simple moving average is $11.87.

BlackRock Municipal Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, August 1st. Investors of record on Monday, July 15th will be given a dividend of $0.055 per share. This represents a $0.66 dividend on an annualized basis and a yield of 5.37%. The ex-dividend date of this dividend is Monday, July 15th.

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.

Further Reading

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

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