ProVise Management Group LLC Trims Stock Position in BlackRock Municipal Income Fund, Inc. (NYSE:MUI)

ProVise Management Group LLC lessened its holdings in shares of BlackRock Municipal Income Fund, Inc. (NYSE:MUI) by 24.9% in the 4th quarter, HoldingsChannel reports. The firm owned 22,726 shares of the company’s stock after selling 7,533 shares during the quarter. ProVise Management Group LLC’s holdings in BlackRock Municipal Income Fund were worth $275,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the business. PNC Financial Services Group Inc. raised its holdings in shares of BlackRock Municipal Income Fund by 21.8% during the third quarter. PNC Financial Services Group Inc. now owns 470,285 shares of the company’s stock worth $5,916,000 after purchasing an additional 84,149 shares during the last quarter. HighTower Advisors LLC raised its holdings in shares of BlackRock Municipal Income Fund by 2.0% during the third quarter. HighTower Advisors LLC now owns 311,441 shares of the company’s stock worth $3,913,000 after purchasing an additional 5,965 shares during the last quarter. Quarry LP acquired a new stake in BlackRock Municipal Income Fund during the third quarter valued at $2,404,000. Commonwealth Equity Services LLC grew its position in BlackRock Municipal Income Fund by 3.6% during the fourth quarter. Commonwealth Equity Services LLC now owns 131,988 shares of the company’s stock valued at $1,600,000 after buying an additional 4,606 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in BlackRock Municipal Income Fund during the fourth quarter valued at $893,000.

BlackRock Municipal Income Fund Stock Performance

MUI stock opened at $12.08 on Thursday. The firm’s fifty day moving average is $12.10 and its 200 day moving average is $12.34. BlackRock Municipal Income Fund, Inc. has a one year low of $11.46 and a one year high of $12.83.

BlackRock Municipal Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Wednesday, February 26th. Investors of record on Friday, February 14th were given a dividend of $0.055 per share. The ex-dividend date was Friday, February 14th. This represents a $0.66 annualized dividend and a yield of 5.46%.

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.