BlackRock Municipal Income Fund, Inc. (NYSE:MUI) Shares Sold by Mackay Shields LLC

Mackay Shields LLC lowered its position in BlackRock Municipal Income Fund, Inc. (NYSE:MUI) by 80.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 189,123 shares of the company’s stock after selling 790,783 shares during the quarter. Mackay Shields LLC’s holdings in BlackRock Municipal Income Fund were worth $2,292,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Larson Financial Group LLC grew its holdings in shares of BlackRock Municipal Income Fund by 240.0% in the 3rd quarter. Larson Financial Group LLC now owns 2,040 shares of the company’s stock worth $26,000 after acquiring an additional 1,440 shares during the period. Farther Finance Advisors LLC acquired a new stake in BlackRock Municipal Income Fund during the 3rd quarter valued at $28,000. Eagle Bay Advisors LLC acquired a new stake in BlackRock Municipal Income Fund during the 4th quarter valued at $85,000. US Bancorp DE grew its holdings in BlackRock Municipal Income Fund by 140.5% during the 3rd quarter. US Bancorp DE now owns 12,400 shares of the company’s stock valued at $156,000 after buying an additional 7,244 shares during the last quarter. Finally, XTX Topco Ltd acquired a new stake in BlackRock Municipal Income Fund during the 3rd quarter valued at $217,000.

BlackRock Municipal Income Fund Trading Up 2.6 %

Shares of NYSE:MUI opened at $12.08 on Friday. The business’s fifty day moving average price is $12.16 and its two-hundred day moving average price is $12.39. BlackRock Municipal Income Fund, Inc. has a one year low of $11.46 and a one year high of $12.83.

BlackRock Municipal Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Friday, February 14th will be issued a dividend of $0.055 per share. This represents a $0.66 dividend on an annualized basis and a yield of 5.46%. The ex-dividend date of this dividend is Friday, February 14th.

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.