Kingsview Wealth Management LLC Boosts Stock Holdings in BlackRock Municipal Income Fund, Inc. (NYSE:MUI)

Kingsview Wealth Management LLC boosted its stake in BlackRock Municipal Income Fund, Inc. (NYSE:MUIFree Report) by 121.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 40,149 shares of the company’s stock after purchasing an additional 22,000 shares during the period. Kingsview Wealth Management LLC’s holdings in BlackRock Municipal Income Fund were worth $408,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of MUI. Advisor Partners II LLC purchased a new position in shares of BlackRock Municipal Income Fund during the 3rd quarter worth $8,157,000. Wells Fargo & Company MN lifted its stake in shares of BlackRock Municipal Income Fund by 162.0% during the 2nd quarter. Wells Fargo & Company MN now owns 800,384 shares of the company’s stock valued at $9,533,000 after buying an additional 494,931 shares in the last quarter. Rivernorth Capital Management LLC lifted its stake in shares of BlackRock Municipal Income Fund by 37.6% during the 2nd quarter. Rivernorth Capital Management LLC now owns 1,071,859 shares of the company’s stock valued at $12,262,000 after buying an additional 292,883 shares in the last quarter. Sit Investment Associates Inc. lifted its stake in shares of BlackRock Municipal Income Fund by 91.3% during the 2nd quarter. Sit Investment Associates Inc. now owns 396,653 shares of the company’s stock valued at $4,538,000 after buying an additional 189,312 shares in the last quarter. Finally, Rockefeller Capital Management L.P. lifted its stake in shares of BlackRock Municipal Income Fund by 100.7% during the 1st quarter. Rockefeller Capital Management L.P. now owns 239,075 shares of the company’s stock valued at $2,792,000 after buying an additional 119,977 shares in the last quarter.

BlackRock Municipal Income Fund Stock Performance

MUI opened at $11.72 on Wednesday. BlackRock Municipal Income Fund, Inc. has a fifty-two week low of $9.73 and a fifty-two week high of $11.98. The firm’s fifty day moving average is $11.60 and its 200 day moving average is $10.99.

BlackRock Municipal Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, March 1st. Shareholders of record on Thursday, February 15th will be paid a $0.055 dividend. This represents a $0.66 annualized dividend and a yield of 5.63%. The ex-dividend date of this dividend is Wednesday, February 14th.

BlackRock Municipal Income Fund Profile

(Free Report)

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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