PNC Financial Services Group Inc. Acquires 84,149 Shares of BlackRock Municipal Income Fund, Inc. (NYSE:MUI)

PNC Financial Services Group Inc. increased its holdings in BlackRock Municipal Income Fund, Inc. (NYSE:MUI) by 21.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 470,285 shares of the company’s stock after purchasing an additional 84,149 shares during the period. PNC Financial Services Group Inc.’s holdings in BlackRock Municipal Income Fund were worth $5,916,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Wolverine Asset Management LLC bought a new stake in shares of BlackRock Municipal Income Fund during the 2nd quarter worth about $27,000. Farther Finance Advisors LLC acquired a new position in BlackRock Municipal Income Fund during the third quarter valued at approximately $28,000. Eagle Bay Advisors LLC bought a new position in shares of BlackRock Municipal Income Fund in the second quarter valued at approximately $82,000. Wiser Wealth Management Inc acquired a new stake in shares of BlackRock Municipal Income Fund in the third quarter worth $140,000. Finally, WealthShield Partners LLC bought a new stake in shares of BlackRock Municipal Income Fund during the 2nd quarter worth $144,000.

BlackRock Municipal Income Fund Trading Up 0.2 %

Shares of MUI opened at $12.56 on Friday. BlackRock Municipal Income Fund, Inc. has a one year low of $10.97 and a one year high of $12.83. The company’s fifty day moving average price is $12.48 and its 200 day moving average price is $12.38.

BlackRock Municipal Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be given a dividend of $0.055 per share. The ex-dividend date is Friday, November 15th. This represents a $0.66 annualized dividend and a dividend yield of 5.25%.

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.