BlackRock Municipal Income Fund, Inc. (NYSE:MUI) Shares Purchased by Baird Financial Group Inc.

Baird Financial Group Inc. raised its position in BlackRock Municipal Income Fund, Inc. (NYSE:MUIGet Rating) by 30.5% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 39,121 shares of the company’s stock after buying an additional 9,148 shares during the quarter. Baird Financial Group Inc.’s holdings in BlackRock Municipal Income Fund were worth $466,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Hennion & Walsh Asset Management Inc. lifted its holdings in shares of BlackRock Municipal Income Fund by 350.8% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 796,874 shares of the company’s stock valued at $9,491,000 after buying an additional 620,119 shares during the period. Flagship Private Wealth LLC purchased a new stake in shares of BlackRock Municipal Income Fund during the 2nd quarter worth $2,017,000. Leo Brokerage LLC acquired a new position in shares of BlackRock Municipal Income Fund during the 2nd quarter worth $1,879,000. Rivernorth Capital Management LLC grew its position in BlackRock Municipal Income Fund by 1,191.0% during the first quarter. Rivernorth Capital Management LLC now owns 146,240 shares of the company’s stock worth $1,920,000 after buying an additional 134,912 shares during the period. Finally, Van ECK Associates Corp grew its stake in BlackRock Municipal Income Fund by 64.1% in the 2nd quarter. Van ECK Associates Corp now owns 340,399 shares of the company’s stock valued at $4,054,000 after acquiring an additional 132,999 shares during the last quarter.

BlackRock Municipal Income Fund Stock Performance

Shares of MUI opened at $11.23 on Tuesday. The company has a 50-day moving average of $10.86 and a two-hundred day moving average of $11.69. BlackRock Municipal Income Fund, Inc. has a 12-month low of $10.34 and a 12-month high of $15.65.

BlackRock Municipal Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Tuesday, November 15th will be issued a dividend of $0.043 per share. This represents a $0.52 dividend on an annualized basis and a yield of 4.59%. The ex-dividend date is Monday, November 14th.

About BlackRock Municipal Income Fund

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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.

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

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