BlackRock Municipal Income Fund, Inc. (NYSE:MUI) Shares Sold by Benjamin F. Edwards & Company Inc.

Benjamin F. Edwards & Company Inc. reduced its holdings in BlackRock Municipal Income Fund, Inc. (NYSE:MUI) by 18.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,170 shares of the company’s stock after selling 4,693 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in BlackRock Municipal Income Fund were worth $246,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in MUI. Edmonds Duncan Registered Investment Advisors LLC grew its holdings in BlackRock Municipal Income Fund by 1.0% during the fourth quarter. Edmonds Duncan Registered Investment Advisors LLC now owns 139,084 shares of the company’s stock worth $1,619,000 after acquiring an additional 1,366 shares during the period. Raymond James Financial Services Advisors Inc. increased its holdings in shares of BlackRock Municipal Income Fund by 3.7% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 94,366 shares of the company’s stock valued at $958,000 after purchasing an additional 3,331 shares in the last quarter. Commonwealth Equity Services LLC lifted its stake in shares of BlackRock Municipal Income Fund by 3.1% in the 3rd quarter. Commonwealth Equity Services LLC now owns 109,277 shares of the company’s stock valued at $1,109,000 after purchasing an additional 3,332 shares during the period. Ironsides Asset Advisors LLC grew its position in BlackRock Municipal Income Fund by 9.0% during the third quarter. Ironsides Asset Advisors LLC now owns 41,232 shares of the company’s stock valued at $419,000 after buying an additional 3,420 shares during the period. Finally, Melfa Wealth Management LLC raised its position in shares of BlackRock Municipal Income Fund by 3.7% in the fourth quarter. Melfa Wealth Management LLC now owns 110,981 shares of the company’s stock worth $1,292,000 after acquiring an additional 3,999 shares during the period.

BlackRock Municipal Income Fund Stock Performance

NYSE:MUI opened at $12.20 on Friday. BlackRock Municipal Income Fund, Inc. has a 52 week low of $9.73 and a 52 week high of $12.28. The stock’s 50-day moving average price is $11.83 and its 200-day moving average price is $11.48.

BlackRock Municipal Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Wednesday, May 15th will be issued a $0.055 dividend. This represents a $0.66 annualized dividend and a yield of 5.41%. The ex-dividend date is Tuesday, May 14th.

BlackRock Municipal Income Fund 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.