Edmonds Duncan Registered Investment Advisors LLC Lowers Holdings in BlackRock Municipal Income Fund, Inc. (NYSE:MUI)

Edmonds Duncan Registered Investment Advisors LLC cut its holdings in BlackRock Municipal Income Fund, Inc. (NYSE:MUI) by 1.3% during the first quarter, Holdings Channel reports. The firm owned 137,265 shares of the company’s stock after selling 1,819 shares during the quarter. Edmonds Duncan Registered Investment Advisors LLC’s holdings in BlackRock Municipal Income Fund were worth $1,655,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in MUI. Karpus Management Inc. increased its stake in BlackRock Municipal Income Fund by 16.9% in the 4th quarter. Karpus Management Inc. now owns 12,403,877 shares of the company’s stock worth $144,381,000 after acquiring an additional 1,791,567 shares during the last quarter. Pathstone Holdings LLC bought a new position in BlackRock Municipal Income Fund in the 4th quarter valued at $36,451,000. Van ECK Associates Corp grew its position in BlackRock Municipal Income Fund by 10.9% in the 4th quarter. Van ECK Associates Corp now owns 535,712 shares of the company’s stock valued at $6,236,000 after acquiring an additional 52,436 shares during the last quarter. Intellectus Partners LLC grew its position in BlackRock Municipal Income Fund by 5.3% in the 4th quarter. Intellectus Partners LLC now owns 410,547 shares of the company’s stock valued at $4,779,000 after acquiring an additional 20,828 shares during the last quarter. Finally, Robinson Capital Management LLC grew its position in BlackRock Municipal Income Fund by 26.6% in the 4th quarter. Robinson Capital Management LLC now owns 397,932 shares of the company’s stock valued at $4,640,000 after acquiring an additional 83,659 shares during the last quarter.

BlackRock Municipal Income Fund Stock Performance

BlackRock Municipal Income Fund stock traded up $0.06 during mid-day trading on Tuesday, hitting $12.38. The company’s stock had a trading volume of 51,237 shares, compared to its average volume of 177,791. The company has a 50 day moving average of $12.10 and a 200-day moving average of $11.87. BlackRock Municipal Income Fund, Inc. has a one year low of $9.73 and a one year high of $12.42.

BlackRock Municipal Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Monday, July 1st. Shareholders of record on Friday, June 14th were given a $0.055 dividend. This represents a $0.66 annualized dividend and a yield of 5.33%. The ex-dividend date was Friday, June 14th.

About BlackRock Municipal Income Fund

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.