UBS Group AG Sells 55,990 Shares of BlackRock Municipal Income Fund, Inc. (NYSE:MUI)

UBS Group AG cut its position 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 disclosure with the SEC. The institutional investor owned 421,076 shares of the company’s stock after selling 55,990 shares during the quarter. 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 modified their holdings of the company. Pinnacle Wealth Planning Services Inc. grew its holdings in shares of BlackRock Municipal Income Fund by 8.2% during the third quarter. Pinnacle Wealth Planning Services Inc. now owns 13,326 shares of the company’s stock worth $144,000 after buying an additional 1,007 shares in the last quarter. Wakefield Asset Management LLLP grew its stake in BlackRock Municipal Income Fund by 1.8% in the third quarter. Wakefield Asset Management LLLP now owns 143,373 shares of the company’s stock valued at $1,557,000 after purchasing an additional 2,470 shares in the last quarter. XML Financial LLC bought a new position in BlackRock Municipal Income Fund in the third quarter valued at approximately $216,000. Rockefeller Capital Management L.P. grew its stake in BlackRock Municipal Income Fund by 3.6% in the third quarter. Rockefeller Capital Management L.P. now owns 141,206 shares of the company’s stock valued at $1,533,000 after purchasing an additional 4,858 shares in the last quarter. Finally, Park Avenue Securities LLC grew its stake in BlackRock Municipal Income Fund by 28.9% in the third quarter. Park Avenue Securities LLC now owns 36,036 shares of the company’s stock valued at $391,000 after purchasing an additional 8,082 shares in the last quarter.

BlackRock Municipal Income Fund Stock Performance

MUI stock opened at $11.34 on Thursday. The business has a 50 day moving average price of $11.64 and a two-hundred day moving average price of $11.40. BlackRock Municipal Income Fund, Inc. has a twelve month low of $10.34 and a twelve month high of $14.53.

BlackRock Municipal Income Fund Announces Dividend

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

BlackRock Municipal Income Fund 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.