Choreo LLC Buys New Position in BlackRock Municipal Income Fund, Inc. (NYSE:MUI)

Choreo LLC purchased a new position in shares of BlackRock Municipal Income Fund, Inc. (NYSE:MUI) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 30,020 shares of the company’s stock, valued at approximately $349,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Karpus Management Inc. grew its stake in shares of BlackRock Municipal Income Fund by 7.3% during the third quarter. Karpus Management Inc. now owns 10,612,310 shares of the company’s stock valued at $107,715,000 after acquiring an additional 723,592 shares in the last quarter. Advisor Partners II LLC purchased a new stake in BlackRock Municipal Income Fund during the 3rd quarter worth approximately $8,157,000. AQR Arbitrage LLC raised its position in shares of BlackRock Municipal Income Fund by 88.2% in the 3rd quarter. AQR Arbitrage LLC now owns 436,976 shares of the company’s stock valued at $4,435,000 after purchasing an additional 204,839 shares in the last quarter. Intellectus Partners LLC boosted its stake in shares of BlackRock Municipal Income Fund by 5.3% during the 4th quarter. Intellectus Partners LLC now owns 410,547 shares of the company’s stock valued at $4,779,000 after buying an additional 20,828 shares during the last quarter. Finally, HighTower Advisors LLC grew its position in shares of BlackRock Municipal Income Fund by 2.2% during the third quarter. HighTower Advisors LLC now owns 349,959 shares of the company’s stock worth $3,551,000 after buying an additional 7,613 shares in the last quarter.

BlackRock Municipal Income Fund Stock Performance

Shares of NYSE:MUI opened at $11.64 on Friday. The company has a fifty day simple moving average of $11.79 and a 200 day simple moving average of $11.42. BlackRock Municipal Income Fund, Inc. has a 12-month low of $9.73 and a 12-month high of $12.09.

BlackRock Municipal Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Wednesday, May 15th will be given a $0.055 dividend. This represents a $0.66 annualized dividend and a dividend yield of 5.67%. The ex-dividend date of this dividend is Tuesday, May 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.