UBS Group AG Decreases Holdings in BlackRock Municipal Income Fund, Inc. (NYSE:MUI)

UBS Group AG cut its stake in shares of BlackRock Municipal Income Fund, Inc. (NYSE:MUI – Get Rating) by 11.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 421,076 shares of the company’s stock after selling 55,990 shares during the period. UBS Group AG’s holdings in BlackRock Municipal Income Fund were worth $4,573,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Pinnacle Wealth Planning Services Inc. raised its stake in BlackRock Municipal Income Fund by 8.2% during the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 13,326 shares of the company’s stock valued at $144,000 after buying an additional 1,007 shares during the last quarter. Wakefield Asset Management LLLP raised its stake in BlackRock Municipal Income Fund by 1.8% during the 3rd quarter. Wakefield Asset Management LLLP now owns 143,373 shares of the company’s stock valued at $1,557,000 after buying an additional 2,470 shares during the last quarter. XML Financial LLC purchased a new stake in shares of BlackRock Municipal Income Fund in the 3rd quarter worth $216,000. Rockefeller Capital Management L.P. increased its stake in shares of BlackRock Municipal Income Fund by 3.6% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 141,206 shares of the company’s stock worth $1,533,000 after purchasing an additional 4,858 shares in the last quarter. Finally, Park Avenue Securities LLC increased its stake in shares of BlackRock Municipal Income Fund by 28.9% in the 3rd quarter. Park Avenue Securities LLC now owns 36,036 shares of the company’s stock worth $391,000 after purchasing an additional 8,082 shares in the last quarter.

BlackRock Municipal Income Fund Stock Performance

NYSE:MUI opened at $11.34 on Thursday. BlackRock Municipal Income Fund, Inc. has a one year low of $10.34 and a one year high of $14.53. The business has a fifty day moving average price of $11.64 and a 200-day moving average price of $11.40.

BlackRock Municipal Income Fund Announces Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, March 1st. Investors of record on Wednesday, February 15th were issued a $0.034 dividend. This represents a $0.41 annualized dividend and a yield of 3.60%. The ex-dividend date of this dividend was Tuesday, February 14th.

BlackRock Municipal Income Fund Company Profile

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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.