BlackRock Municipal Income Fund, Inc. (NYSE:MUI) Shares Acquired by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. lifted its stake in shares of BlackRock Municipal Income Fund, Inc. (NYSE:MUI) by 6.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 100,455 shares of the company’s stock after purchasing an additional 6,089 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in BlackRock Municipal Income Fund were worth $1,169,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in MUI. Fort Point Capital Partners LLC purchased a new stake in shares of BlackRock Municipal Income Fund in the 3rd quarter worth about $159,000. Landscape Capital Management L.L.C. boosted its position in shares of BlackRock Municipal Income Fund by 18.4% in the 3rd quarter. Landscape Capital Management L.L.C. now owns 35,451 shares of the company’s stock worth $360,000 after buying an additional 5,516 shares in the last quarter. Avantax Advisory Services Inc. boosted its position in shares of BlackRock Municipal Income Fund by 49.9% in the 3rd quarter. Avantax Advisory Services Inc. now owns 28,642 shares of the company’s stock worth $291,000 after buying an additional 9,530 shares in the last quarter. Dakota Wealth Management boosted its position in shares of BlackRock Municipal Income Fund by 10.6% in the 3rd quarter. Dakota Wealth Management now owns 234,358 shares of the company’s stock worth $2,379,000 after buying an additional 22,390 shares in the last quarter. Finally, Advisor Partners II LLC purchased a new stake in shares of BlackRock Municipal Income Fund in the 3rd quarter worth about $8,157,000.

BlackRock Municipal Income Fund Trading Down 0.1 %

BlackRock Municipal Income Fund stock opened at $11.65 on Friday. BlackRock Municipal Income Fund, Inc. has a 52 week low of $9.73 and a 52 week high of $12.09. The firm’s 50-day simple moving average is $11.83 and its 200 day simple moving average is $11.28.

BlackRock Municipal Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, May 1st. Investors of record on Monday, April 15th will be given a $0.055 dividend. The ex-dividend date of this dividend is Friday, April 12th. This represents a $0.66 annualized dividend and a dividend yield of 5.67%.

BlackRock Municipal Income Fund Company Profile

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.