Nations Financial Group Inc. IA ADV Has $650,000 Holdings in BlackRock Municipal Income Fund, Inc. (NYSE:MUI)

Nations Financial Group Inc. IA ADV trimmed its holdings in shares of BlackRock Municipal Income Fund, Inc. (NYSE:MUI) by 3.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 51,702 shares of the company’s stock after selling 1,800 shares during the quarter. Nations Financial Group Inc. IA ADV’s holdings in BlackRock Municipal Income Fund were worth $650,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in MUI. Oppenheimer & Co. Inc. increased its stake in BlackRock Municipal Income Fund by 21.7% in the first quarter. Oppenheimer & Co. Inc. now owns 14,912 shares of the company’s stock valued at $180,000 after acquiring an additional 2,662 shares during the period. Wolverine Asset Management LLC acquired a new position in shares of BlackRock Municipal Income Fund in the 2nd quarter worth approximately $27,000. Choreo LLC boosted its stake in BlackRock Municipal Income Fund by 101.2% in the 2nd quarter. Choreo LLC now owns 56,785 shares of the company’s stock valued at $700,000 after buying an additional 28,565 shares in the last quarter. Bank of New York Mellon Corp grew its position in BlackRock Municipal Income Fund by 2.2% in the second quarter. Bank of New York Mellon Corp now owns 67,077 shares of the company’s stock valued at $828,000 after acquiring an additional 1,451 shares during the period. Finally, Pathway Financial Advisers LLC lifted its holdings in shares of BlackRock Municipal Income Fund by 2.6% during the second quarter. Pathway Financial Advisers LLC now owns 32,240 shares of the company’s stock valued at $398,000 after acquiring an additional 808 shares during the period.

BlackRock Municipal Income Fund Stock Up 0.1 %

MUI opened at $12.43 on Thursday. The firm’s 50-day simple moving average is $12.50 and its 200-day simple moving average is $12.35. BlackRock Municipal Income Fund, Inc. has a twelve month low of $10.52 and a twelve month high of $12.83.

BlackRock Municipal Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be issued a dividend of $0.055 per share. This represents a $0.66 annualized dividend and a dividend yield of 5.31%. The ex-dividend date is Friday, November 15th.

BlackRock Municipal Income Fund 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.