Wells Fargo & Company MN Trims Holdings in BlackRock Municipal Income Fund, Inc. (NYSE:MUI)

Wells Fargo & Company MN reduced its stake in BlackRock Municipal Income Fund, Inc. (NYSE:MUI) by 42.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 287,743 shares of the company’s stock after selling 213,156 shares during the quarter. Wells Fargo & Company MN’s holdings in BlackRock Municipal Income Fund were worth $3,487,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Commonwealth Equity Services LLC increased its stake in BlackRock Municipal Income Fund by 3.6% during the 4th quarter. Commonwealth Equity Services LLC now owns 131,988 shares of the company’s stock worth $1,600,000 after buying an additional 4,606 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of BlackRock Municipal Income Fund during the fourth quarter worth about $893,000. Sanctuary Advisors LLC lifted its stake in BlackRock Municipal Income Fund by 131.1% in the fourth quarter. Sanctuary Advisors LLC now owns 48,495 shares of the company’s stock valued at $591,000 after buying an additional 27,509 shares during the last quarter. Atala Financial Inc acquired a new position in shares of BlackRock Municipal Income Fund in the 4th quarter valued at $397,000. Finally, Thomas J. Herzfeld Advisors Inc. raised its holdings in shares of BlackRock Municipal Income Fund by 93.9% in the fourth quarter. Thomas J. Herzfeld Advisors Inc. now owns 86,319 shares of the company’s stock valued at $1,046,000 after buying an additional 41,802 shares during the last quarter.

BlackRock Municipal Income Fund Stock Up 2.6 %

BlackRock Municipal Income Fund stock opened at $12.08 on Wednesday. The stock has a 50 day moving average of $12.08 and a two-hundred day moving average of $12.27. BlackRock Municipal Income Fund, Inc. has a twelve month low of $11.46 and a twelve month high of $12.83.

BlackRock Municipal Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Wednesday, February 26th. Investors of record on Friday, February 14th were given a $0.055 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.66 dividend on an annualized basis and a yield of 5.46%.

BlackRock Municipal Income Fund Company 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.