Rock Point Advisors LLC Sells 3,818 Shares of BlackRock Municipal Income Fund, Inc. (NYSE:MUI)

Rock Point Advisors LLC reduced its holdings in BlackRock Municipal Income Fund, Inc. (NYSE:MUI) by 4.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 76,456 shares of the company’s stock after selling 3,818 shares during the quarter. Rock Point Advisors LLC’s holdings in BlackRock Municipal Income Fund were worth $962,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the business. Larson Financial Group LLC raised its stake in shares of BlackRock Municipal Income Fund by 240.0% in the 3rd quarter. Larson Financial Group LLC now owns 2,040 shares of the company’s stock valued at $26,000 after purchasing an additional 1,440 shares during the period. PNC Financial Services Group Inc. grew its holdings in shares of BlackRock Municipal Income Fund by 21.8% during the third quarter. PNC Financial Services Group Inc. now owns 470,285 shares of the company’s stock worth $5,916,000 after buying an additional 84,149 shares in the last quarter. Van ECK Associates Corp raised its position in BlackRock Municipal Income Fund by 2.0% in the 3rd quarter. Van ECK Associates Corp now owns 421,867 shares of the company’s stock valued at $5,244,000 after buying an additional 8,266 shares during the last quarter. Farther Finance Advisors LLC bought a new stake in BlackRock Municipal Income Fund in the 3rd quarter valued at approximately $28,000. Finally, US Bancorp DE boosted its position in BlackRock Municipal Income Fund by 140.5% during the 3rd quarter. US Bancorp DE now owns 12,400 shares of the company’s stock worth $156,000 after acquiring an additional 7,244 shares during the last quarter.

BlackRock Municipal Income Fund Price Performance

Shares of MUI traded up $0.07 during mid-day trading on Tuesday, hitting $12.57. 286,522 shares of the company’s stock were exchanged, compared to its average volume of 286,796. The company has a 50-day simple moving average of $12.48 and a 200 day simple moving average of $12.38. BlackRock Municipal Income Fund, Inc. has a 52 week low of $10.97 and a 52 week high of $12.83.

BlackRock Municipal Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be paid a $0.055 dividend. The ex-dividend date is Friday, November 15th. This represents a $0.66 annualized dividend and a yield of 5.25%.

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.