Melfa Wealth Management Inc. Cuts Holdings in BlackRock Municipal Income Fund, Inc. (NYSE:MUI)

Melfa Wealth Management Inc. decreased its holdings in BlackRock Municipal Income Fund, Inc. (NYSE:MUI) by 5.6% in the 4th quarter, HoldingsChannel reports. The fund owned 105,304 shares of the company’s stock after selling 6,214 shares during the quarter. Melfa Wealth Management Inc.’s holdings in BlackRock Municipal Income Fund were worth $1,276,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. PNC Financial Services Group Inc. lifted its holdings in shares of BlackRock Municipal Income Fund by 21.8% in the third quarter. PNC Financial Services Group Inc. now owns 470,285 shares of the company’s stock valued at $5,916,000 after purchasing an additional 84,149 shares in the last quarter. Van ECK Associates Corp grew its holdings in BlackRock Municipal Income Fund by 2.0% during 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. Pathway Financial Advisers LLC increased its position in BlackRock Municipal Income Fund by 1,150.0% during the third quarter. Pathway Financial Advisers LLC now owns 402,989 shares of the company’s stock worth $5,070,000 after buying an additional 370,749 shares in the last quarter. Dakota Wealth Management raised its holdings in shares of BlackRock Municipal Income Fund by 7.6% in the third quarter. Dakota Wealth Management now owns 350,466 shares of the company’s stock worth $4,409,000 after acquiring an additional 24,765 shares during the last quarter. Finally, HighTower Advisors LLC lifted its position in shares of BlackRock Municipal Income Fund by 2.0% in the third quarter. HighTower Advisors LLC now owns 311,441 shares of the company’s stock valued at $3,913,000 after acquiring an additional 5,965 shares in the last quarter.

BlackRock Municipal Income Fund Trading Down 0.1 %

BlackRock Municipal Income Fund stock opened at $12.17 on Wednesday. The stock has a 50-day moving average price of $12.39 and a 200 day moving average price of $12.43. BlackRock Municipal Income Fund, Inc. has a 52 week low of $11.44 and a 52 week high of $12.83.

BlackRock Municipal Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Wednesday, January 15th will be issued a dividend of $0.055 per share. The ex-dividend date is Wednesday, January 15th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 5.43%.

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.