BlackRock Municipal Income Fund, Inc. (NYSE:MUI) Shares Bought by Advisors Asset Management Inc.

Advisors Asset Management Inc. boosted its holdings in shares of BlackRock Municipal Income Fund, Inc. (NYSE:MUI) by 31.1% during the first quarter, Holdings Channel.com reports. The institutional investor owned 284,167 shares of the company’s stock after buying an additional 67,478 shares during the period. Advisors Asset Management Inc.’s holdings in BlackRock Municipal Income Fund were worth $3,427,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Blue Bell Private Wealth Management LLC lifted its holdings in BlackRock Municipal Income Fund by 736.3% during the 1st quarter. Blue Bell Private Wealth Management LLC now owns 8,363 shares of the company’s stock worth $101,000 after buying an additional 7,363 shares in the last quarter. Drive Wealth Management LLC acquired a new stake in BlackRock Municipal Income Fund during the 4th quarter worth approximately $131,000. Cerity Partners LLC acquired a new stake in BlackRock Municipal Income Fund during the 4th quarter worth approximately $141,000. Scissortail Wealth Management LLC acquired a new stake in shares of BlackRock Municipal Income Fund in the 4th quarter valued at $150,000. Finally, Janney Montgomery Scott LLC raised its holdings in shares of BlackRock Municipal Income Fund by 7.5% in the 1st quarter. Janney Montgomery Scott LLC now owns 14,817 shares of the company’s stock valued at $179,000 after purchasing an additional 1,036 shares in the last quarter.

BlackRock Municipal Income Fund Price Performance

Shares of MUI traded up $0.03 during midday trading on Friday, reaching $12.31. The stock had a trading volume of 66,904 shares, compared to its average volume of 181,955. BlackRock Municipal Income Fund, Inc. has a 1-year low of $9.73 and a 1-year high of $12.42. The company’s fifty day simple moving average is $12.24 and its two-hundred day simple moving average is $11.94.

BlackRock Municipal Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, August 1st. Stockholders of record on Monday, July 15th will be issued a $0.055 dividend. The ex-dividend date of this dividend is Monday, July 15th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 5.36%.

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.