28,492 Shares in BlackRock Municipal Income Fund, Inc. (NYSE:MUI) Purchased by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. purchased a new stake in BlackRock Municipal Income Fund, Inc. (NYSE:MUI) in the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 28,492 shares of the company’s stock, valued at approximately $345,000.

Several other institutional investors have also recently made changes to their positions in MUI. HighTower Advisors LLC grew its stake in shares of BlackRock Municipal Income Fund by 2.0% in the third quarter. HighTower Advisors LLC now owns 311,441 shares of the company’s stock valued at $3,913,000 after buying an additional 5,965 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in BlackRock Municipal Income Fund in the fourth quarter valued at $893,000. Sanctuary Advisors LLC grew its position in shares of BlackRock Municipal Income Fund by 131.1% in the 4th quarter. Sanctuary Advisors LLC now owns 48,495 shares of the company’s stock valued at $591,000 after acquiring an additional 27,509 shares during the period. Atala Financial Inc bought a new position in shares of BlackRock Municipal Income Fund in the 4th quarter valued at about $397,000. Finally, Commonwealth Equity Services LLC increased its stake in shares of 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 purchasing an additional 4,606 shares during the last quarter.

BlackRock Municipal Income Fund Trading Up 2.6 %

Shares of NYSE:MUI opened at $12.08 on Tuesday. BlackRock Municipal Income Fund, Inc. has a 52-week low of $11.46 and a 52-week high of $12.83. The company has a 50-day simple moving average of $12.08 and a 200 day simple moving average of $12.30.

BlackRock Municipal Income Fund Announces Dividend

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

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.