Intellectus Partners LLC Decreases Stake in BlackRock Municipal Income Fund, Inc. (NYSE:MUI)

Intellectus Partners LLC reduced its holdings in BlackRock Municipal Income Fund, Inc. (NYSE:MUI) by 38.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 183,914 shares of the company’s stock after selling 113,579 shares during the period. Intellectus Partners LLC’s holdings in BlackRock Municipal Income Fund were worth $2,324,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MUI. Janney Montgomery Scott LLC raised its position in BlackRock Municipal Income Fund by 7.5% in the first quarter. Janney Montgomery Scott LLC now owns 14,817 shares of the company’s stock valued at $179,000 after purchasing an additional 1,036 shares during the period. Oppenheimer & Co. Inc. raised its holdings 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 in the last quarter. City of London Investment Management Co. Ltd. lifted its position in shares of BlackRock Municipal Income Fund by 86.4% during the 1st quarter. City of London Investment Management Co. Ltd. now owns 353,191 shares of the company’s stock worth $4,259,000 after purchasing an additional 163,719 shares during the last quarter. Ironsides Asset Advisors LLC lifted its holdings in BlackRock Municipal Income Fund by 4.0% during the 1st quarter. Ironsides Asset Advisors LLC now owns 42,865 shares of the company’s stock worth $517,000 after buying an additional 1,633 shares during the last quarter. Finally, Karpus Management Inc. boosted its holdings in BlackRock Municipal Income Fund by 7.9% in the first quarter. Karpus Management Inc. now owns 13,377,640 shares of the company’s stock valued at $161,334,000 after purchasing an additional 973,763 shares in the last quarter.

BlackRock Municipal Income Fund Trading Up 0.6 %

MUI opened at $12.50 on Friday. BlackRock Municipal Income Fund, Inc. has a one year low of $10.64 and a one year high of $12.83. The business’s 50-day simple moving average is $12.50 and its 200-day simple moving average is $12.35.

BlackRock Municipal Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be paid a dividend of $0.055 per share. This represents a $0.66 dividend on an annualized basis and a yield of 5.28%. 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.