Pathway Financial Advisers LLC Makes New Investment in BlackRock Municipal Income Fund, Inc. (NYSE:MUI)

Pathway Financial Advisers LLC purchased a new position in BlackRock Municipal Income Fund, Inc. (NYSE:MUI) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 31,432 shares of the company’s stock, valued at approximately $379,000.

Several other hedge funds have also recently added to or reduced their stakes in MUI. Blue Bell Private Wealth Management LLC grew its position in BlackRock Municipal Income Fund by 736.3% in the first 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 during the last quarter. Drive Wealth Management LLC acquired a new position in BlackRock Municipal Income Fund in the 4th quarter worth approximately $131,000. Cerity Partners LLC acquired a new position in BlackRock Municipal Income Fund in the 4th quarter worth approximately $141,000. Cetera Advisors LLC acquired a new position in BlackRock Municipal Income Fund in the 1st quarter worth approximately $145,000. Finally, Scissortail Wealth Management LLC acquired a new position in BlackRock Municipal Income Fund in the 4th quarter worth approximately $150,000.

BlackRock Municipal Income Fund Trading Up 0.2 %

BlackRock Municipal Income Fund stock traded up $0.02 during midday trading on Friday, reaching $12.41. The stock had a trading volume of 203,559 shares, compared to its average volume of 183,350. The firm’s fifty day simple moving average is $12.27 and its two-hundred day simple moving average is $11.97. BlackRock Municipal Income Fund, Inc. has a twelve month low of $9.73 and a twelve month high of $12.46.

BlackRock Municipal Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Thursday, August 15th will be paid a $0.055 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 5.32%. The ex-dividend date is Thursday, August 15th.

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.