E&G Advisors LP Reduces Stock Holdings in BlackRock Municipal Income Fund, Inc. (NYSE:MUI)

E&G Advisors LP decreased its holdings in BlackRock Municipal Income Fund, Inc. (NYSE:MUI) by 4.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 40,000 shares of the company’s stock after selling 2,000 shares during the period. E&G Advisors LP’s holdings in BlackRock Municipal Income Fund were worth $485,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Larson Financial Group LLC grew its stake in BlackRock Municipal Income Fund by 240.0% during the 3rd quarter. Larson Financial Group LLC now owns 2,040 shares of the company’s stock worth $26,000 after buying an additional 1,440 shares during the last quarter. Farther Finance Advisors LLC purchased a new position in shares of BlackRock Municipal Income Fund during the 3rd quarter worth $28,000. Northwestern Mutual Wealth Management Co. raised its position in BlackRock Municipal Income Fund by 28.4% in 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 during the period. HighTower Advisors LLC increased its holdings in BlackRock Municipal Income Fund by 2.0% in the 3rd quarter. HighTower Advisors LLC now owns 311,441 shares of the company’s stock valued at $3,913,000 after purchasing an additional 5,965 shares during the last quarter. Finally, Eagle Bay Advisors LLC acquired a new stake in shares of BlackRock Municipal Income Fund in the fourth quarter valued at $85,000.

BlackRock Municipal Income Fund Price Performance

Shares of NYSE MUI opened at $12.07 on Tuesday. The stock’s 50-day simple moving average is $12.34 and its 200-day simple moving average is $12.42. BlackRock Municipal Income Fund, Inc. has a fifty-two week low of $11.46 and a fifty-two week high of $12.83.

BlackRock Municipal Income Fund Announces Dividend

The business also recently declared a monthly dividend, which was paid on Monday, February 3rd. Shareholders of record on Wednesday, January 15th were given a dividend of $0.055 per share. This represents a $0.66 annualized dividend and a yield of 5.47%. The ex-dividend date of this dividend was Wednesday, January 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.