BlackRock Municipal Income Fund, Inc. (NYSE:MUI) Shares Purchased by Park Avenue Securities LLC

Park Avenue Securities LLC boosted its stake in BlackRock Municipal Income Fund, Inc. (NYSE:MUIGet Rating) by 28.9% in the third quarter, Holdings Channel.com reports. The fund owned 36,036 shares of the company’s stock after buying an additional 8,082 shares during the quarter. Park Avenue Securities LLC’s holdings in BlackRock Municipal Income Fund were worth $391,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Benjamin F. Edwards & Company Inc. lifted its position in BlackRock Municipal Income Fund by 19.3% in the third quarter. Benjamin F. Edwards & Company Inc. now owns 30,863 shares of the company’s stock valued at $335,000 after acquiring an additional 5,000 shares during the last quarter. Van ECK Associates Corp lifted its position in BlackRock Municipal Income Fund by 10.7% in the third quarter. Van ECK Associates Corp now owns 376,755 shares of the company’s stock valued at $4,092,000 after acquiring an additional 36,356 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in BlackRock Municipal Income Fund by 2.6% in the third quarter. Allspring Global Investments Holdings LLC now owns 973,311 shares of the company’s stock valued at $10,570,000 after acquiring an additional 24,344 shares during the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC purchased a new stake in BlackRock Municipal Income Fund in the third quarter valued at $185,000. Finally, Raymond James & Associates lifted its position in BlackRock Municipal Income Fund by 0.9% in the third quarter. Raymond James & Associates now owns 140,470 shares of the company’s stock valued at $1,526,000 after acquiring an additional 1,293 shares during the last quarter.

BlackRock Municipal Income Fund Price Performance

Shares of MUI opened at $12.07 on Friday. The firm has a fifty day moving average price of $11.43 and a 200 day moving average price of $11.53. BlackRock Municipal Income Fund, Inc. has a 1-year low of $10.34 and a 1-year high of $14.67.

BlackRock Municipal Income Fund Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, February 1st. Investors of record on Friday, January 13th will be issued a dividend of $0.034 per share. The ex-dividend date is Thursday, January 12th. This represents a $0.41 annualized dividend and a yield of 3.38%.

About BlackRock Municipal Income Fund

(Get Rating)

BlackRock Municipal Income Fund, Inc is a closed-end investment fund and investment trust company. Its investment objective is to provide high current income exempt from federal income taxes. The company was founded on August 1, 2003 and is headquartered in Wilmington, DE.

Read More

Want to see what other hedge funds are holding MUI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BlackRock Municipal Income Fund, Inc. (NYSE:MUIGet Rating).

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

Receive News & Ratings for BlackRock Municipal Income Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BlackRock Municipal Income Fund and related companies with MarketBeat.com's FREE daily email newsletter.