Flagship Private Wealth LLC Has $264,000 Stake in BlackRock Municipal Income Fund, Inc. (NYSE:MUI)

Flagship Private Wealth LLC cut its position in BlackRock Municipal Income Fund, Inc. (NYSE:MUI) by 87.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,784 shares of the company’s stock after selling 153,673 shares during the quarter. Flagship Private Wealth LLC’s holdings in BlackRock Municipal Income Fund were worth $264,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in MUI. Northwestern Mutual Wealth Management Co. raised its position in BlackRock Municipal Income Fund by 28.4% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 13,530 shares of the company’s stock valued at $167,000 after purchasing an additional 2,993 shares in the last quarter. Pathway Financial Advisers LLC boosted its stake in shares of BlackRock Municipal Income Fund by 2.6% in the 2nd quarter. Pathway Financial Advisers LLC now owns 32,240 shares of the company’s stock valued at $398,000 after purchasing an additional 808 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in shares of BlackRock Municipal Income Fund during the 2nd quarter valued at approximately $275,000. Wiser Wealth Management Inc acquired a new position in BlackRock Municipal Income Fund during the 3rd quarter worth approximately $140,000. Finally, Dakota Wealth Management lifted its stake in BlackRock Municipal Income Fund by 7.6% in the 3rd 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.

BlackRock Municipal Income Fund Trading Down 0.4 %

Shares of NYSE:MUI opened at $12.13 on Friday. BlackRock Municipal Income Fund, Inc. has a 52-week low of $11.44 and a 52-week high of $12.83. The company has a fifty day moving average of $12.37 and a 200-day moving average of $12.42.

BlackRock Municipal Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Wednesday, January 15th will be issued a $0.055 dividend. The ex-dividend date is Wednesday, January 15th. This represents a $0.66 dividend on an annualized basis and a yield of 5.44%.

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.