Mercer Global Advisors Inc. ADV Cuts Stock Holdings in BlackRock Municipal Income Fund, Inc. (NYSE:MUI)

Mercer Global Advisors Inc. ADV reduced its position in shares of BlackRock Municipal Income Fund, Inc. (NYSE:MUI) by 11.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,407 shares of the company’s stock after selling 2,329 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in BlackRock Municipal Income Fund were worth $215,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of MUI. Pathstone Holdings LLC purchased a new stake in BlackRock Municipal Income Fund during the 4th quarter worth approximately $36,451,000. Karpus Management Inc. grew its position in shares of BlackRock Municipal Income Fund by 16.9% in the fourth quarter. Karpus Management Inc. now owns 12,403,877 shares of the company’s stock valued at $144,381,000 after purchasing an additional 1,791,567 shares in the last quarter. City of London Investment Management Co. Ltd. grew its position in shares of BlackRock Municipal Income Fund by 86.4% in the first quarter. City of London Investment Management Co. Ltd. now owns 353,191 shares of the company’s stock valued at $4,259,000 after purchasing an additional 163,719 shares in the last quarter. Advisors Asset Management Inc. grew its position in shares of BlackRock Municipal Income Fund by 31.1% in the first quarter. Advisors Asset Management Inc. now owns 284,167 shares of the company’s stock valued at $3,427,000 after purchasing an additional 67,478 shares in the last quarter. Finally, Alpine Global Management LLC purchased a new stake in shares of BlackRock Municipal Income Fund in the first quarter valued at approximately $784,000.

BlackRock Municipal Income Fund Stock Performance

MUI stock opened at $12.62 on Wednesday. The business has a 50 day simple moving average of $12.44 and a 200-day simple moving average of $12.18. BlackRock Municipal Income Fund, Inc. has a 1 year low of $9.73 and a 1 year high of $12.65.

BlackRock Municipal Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 15th will be issued a $0.055 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 5.23%. The ex-dividend date of this dividend is Tuesday, October 15th.

About BlackRock Municipal Income Fund

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.