Dakota Wealth Management Sells 104,266 Shares of BlackRock Municipal Income Fund, Inc. (NYSE:MUI)

Dakota Wealth Management reduced its stake in BlackRock Municipal Income Fund, Inc. (NYSE:MUI) by 29.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 246,200 shares of the company’s stock after selling 104,266 shares during the period. Dakota Wealth Management’s holdings in BlackRock Municipal Income Fund were worth $2,984,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in MUI. Logan Stone Capital LLC acquired a new position in BlackRock Municipal Income Fund in the second quarter valued at about $670,000. Northwestern Mutual Wealth Management Co. boosted its stake in BlackRock Municipal Income Fund by 28.4% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 13,530 shares of the company’s stock worth $167,000 after acquiring an additional 2,993 shares during the last quarter. Pathway Financial Advisers LLC grew its holdings 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 valued at $398,000 after purchasing an additional 808 shares during the period. Sanctuary Advisors LLC bought a new stake in BlackRock Municipal Income Fund in the second quarter valued at approximately $275,000. Finally, Wiser Wealth Management Inc acquired a new stake in BlackRock Municipal Income Fund in the third quarter worth $140,000.

BlackRock Municipal Income Fund Price Performance

Shares of NYSE MUI opened at $12.16 on Thursday. BlackRock Municipal Income Fund, Inc. has a twelve month low of $11.44 and a twelve month high of $12.83. The company’s fifty day moving average is $12.38 and its 200-day moving average is $12.43.

BlackRock Municipal Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Wednesday, January 15th will be paid a $0.055 dividend. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $0.66 dividend on an annualized basis and a yield of 5.43%.

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.