US Bancorp DE Purchases 7,244 Shares of BlackRock Municipal Income Fund, Inc. (NYSE:MUI)

US Bancorp DE increased its position in BlackRock Municipal Income Fund, Inc. (NYSE:MUI) by 140.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 12,400 shares of the company’s stock after buying an additional 7,244 shares during the period. US Bancorp DE’s holdings in BlackRock Municipal Income Fund were worth $156,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Karpus Management Inc. boosted its stake in shares of BlackRock Municipal Income Fund by 7.9% during the 1st quarter. Karpus Management Inc. now owns 13,377,640 shares of the company’s stock worth $161,334,000 after acquiring an additional 973,763 shares in the last quarter. Pathway Financial Advisers LLC boosted its position in BlackRock Municipal Income Fund by 1,150.0% during the third quarter. Pathway Financial Advisers LLC now owns 402,989 shares of the company’s stock worth $5,070,000 after purchasing an additional 370,749 shares during the period. Dakota Wealth Management grew its holdings in BlackRock Municipal Income Fund by 7.6% during the third quarter. Dakota Wealth Management now owns 350,466 shares of the company’s stock valued at $4,409,000 after purchasing an additional 24,765 shares during the last quarter. Advisors Asset Management Inc. raised 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 during the period. Finally, Commonwealth Equity Services LLC lifted its stake in shares of BlackRock Municipal Income Fund by 3.1% in the second quarter. Commonwealth Equity Services LLC now owns 91,661 shares of the company’s stock worth $1,131,000 after buying an additional 2,757 shares during the last quarter.

BlackRock Municipal Income Fund Stock Down 2.0 %

NYSE MUI opened at $12.19 on Friday. BlackRock Municipal Income Fund, Inc. has a 1 year low of $10.78 and a 1 year high of $12.83. The company has a fifty day simple moving average of $12.49 and a 200 day simple moving average of $12.35.

BlackRock Municipal Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be given a $0.055 dividend. This represents a $0.66 annualized dividend and a dividend yield of 5.41%. The ex-dividend date of this dividend is Friday, November 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.