Eagle Bay Advisors LLC Invests $85,000 in BlackRock Municipal Income Fund, Inc. (NYSE:MUI)

Eagle Bay Advisors LLC acquired a new stake in BlackRock Municipal Income Fund, Inc. (NYSE:MUI) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 7,025 shares of the company’s stock, valued at approximately $85,000.

Several other hedge funds have also recently bought and sold shares of the company. Pathway Financial Advisers LLC increased its stake in BlackRock Municipal Income Fund by 2.6% during the second quarter. Pathway Financial Advisers LLC now owns 32,240 shares of the company’s stock worth $398,000 after purchasing an additional 808 shares during the period. Larson Financial Group LLC increased 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 period. Bank of New York Mellon Corp lifted its holdings in BlackRock Municipal Income Fund by 2.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 67,077 shares of the company’s stock worth $828,000 after buying an additional 1,451 shares in the last quarter. Farther Finance Advisors LLC purchased a new position in BlackRock Municipal Income Fund in the 3rd quarter valued at approximately $28,000. Finally, Commonwealth Equity Services LLC grew 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 acquiring an additional 2,757 shares in the last quarter.

BlackRock Municipal Income Fund Stock Up 0.1 %

BlackRock Municipal Income Fund stock opened at $12.05 on Tuesday. The stock’s fifty day simple moving average is $12.42 and its 200-day simple moving average is $12.43. BlackRock Municipal Income Fund, Inc. has a twelve month low of $11.35 and a twelve month high of $12.83.

BlackRock Municipal Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Wednesday, January 15th will be given a $0.055 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 5.48%. The ex-dividend date of this dividend is Wednesday, January 15th.

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.