Pathway Financial Advisers LLC Trims Holdings in BlackRock Municipal Income Fund, Inc. (NYSE:MUI)

Pathway Financial Advisers LLC decreased its position in shares of BlackRock Municipal Income Fund, Inc. (NYSE:MUI) by 99.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,855 shares of the company’s stock after selling 399,134 shares during the quarter. Pathway Financial Advisers LLC’s holdings in BlackRock Municipal Income Fund were worth $47,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of MUI. PNC Financial Services Group Inc. raised its position in BlackRock Municipal Income Fund by 21.8% during the 3rd 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 during the last quarter. Van ECK Associates Corp raised its holdings in shares of BlackRock Municipal Income Fund by 2.0% during the third quarter. Van ECK Associates Corp now owns 421,867 shares of the company’s stock worth $5,244,000 after purchasing an additional 8,266 shares during the last quarter. Dakota Wealth Management lifted its position in BlackRock Municipal Income Fund by 7.6% during the third quarter. Dakota Wealth Management now owns 350,466 shares of the company’s stock valued at $4,409,000 after purchasing an additional 24,765 shares during the period. HighTower Advisors LLC boosted its holdings in 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 purchasing an additional 5,965 shares during the last quarter. Finally, Quarry LP acquired a new stake in BlackRock Municipal Income Fund during the 3rd quarter worth about $2,404,000.

BlackRock Municipal Income Fund Trading Down 1.1 %

NYSE MUI opened at $11.78 on Friday. BlackRock Municipal Income Fund, Inc. has a fifty-two week low of $11.46 and a fifty-two week high of $12.83. The stock has a 50-day simple moving average of $12.26 and a two-hundred day simple moving average of $12.41.

BlackRock Municipal Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Friday, February 14th will be issued a $0.055 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 5.60%. The ex-dividend date of this dividend is Friday, February 14th.

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.