Cerity Partners LLC Takes Position in BlackRock Municipal Income Fund, Inc. (NYSE:MUI)

Cerity Partners LLC acquired a new position in shares of BlackRock Municipal Income Fund, Inc. (NYSE:MUI) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 12,140 shares of the company’s stock, valued at approximately $141,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Advisor Partners II LLC acquired a new position in BlackRock Municipal Income Fund during the 3rd quarter worth about $8,157,000. Karpus Management Inc. boosted its stake in shares of BlackRock Municipal Income Fund by 7.3% in the 3rd quarter. Karpus Management Inc. now owns 10,612,310 shares of the company’s stock valued at $107,715,000 after buying an additional 723,592 shares during the period. AQR Arbitrage LLC grew its position in shares of BlackRock Municipal Income Fund by 88.2% during the third quarter. AQR Arbitrage LLC now owns 436,976 shares of the company’s stock worth $4,435,000 after buying an additional 204,839 shares in the last quarter. Robinson Capital Management LLC increased its stake in shares of BlackRock Municipal Income Fund by 16.5% during the third quarter. Robinson Capital Management LLC now owns 314,273 shares of the company’s stock worth $3,206,000 after buying an additional 44,617 shares during the period. Finally, Advisors Asset Management Inc. raised its holdings in BlackRock Municipal Income Fund by 47.6% in the third quarter. Advisors Asset Management Inc. now owns 131,131 shares of the company’s stock valued at $1,331,000 after acquiring an additional 42,307 shares in the last quarter.

BlackRock Municipal Income Fund Trading Down 0.7 %

Shares of BlackRock Municipal Income Fund stock opened at $11.50 on Wednesday. BlackRock Municipal Income Fund, Inc. has a 52-week low of $9.73 and a 52-week high of $12.09. The company has a 50 day moving average of $11.80 and a 200 day moving average of $11.41.

BlackRock Municipal Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, May 1st. Investors of record on Monday, April 15th will be paid a dividend of $0.055 per share. The ex-dividend date is Friday, April 12th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 5.74%.

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.