Intellectus Partners LLC Trims Stock Holdings in BlackRock Municipal Income Fund, Inc. (NYSE:MUI)

Intellectus Partners LLC lowered its position in shares of BlackRock Municipal Income Fund, Inc. (NYSE:MUI) by 38.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 183,914 shares of the company’s stock after selling 113,579 shares during the quarter. Intellectus Partners LLC’s holdings in BlackRock Municipal Income Fund were worth $2,324,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Wolverine Asset Management LLC purchased a new stake in shares of BlackRock Municipal Income Fund in the second quarter worth about $27,000. Farther Finance Advisors LLC acquired a new stake in shares of BlackRock Municipal Income Fund during the 3rd quarter valued at approximately $28,000. Eagle Bay Advisors LLC bought a new position in BlackRock Municipal Income Fund in the second quarter worth about $82,000. Wiser Wealth Management Inc acquired a new position in shares of BlackRock Municipal Income Fund during the third quarter valued at $140,000. Finally, WealthShield Partners LLC acquired a new position in BlackRock Municipal Income Fund during the 2nd quarter valued at about $144,000.

BlackRock Municipal Income Fund Stock Performance

MUI opened at $12.50 on Friday. BlackRock Municipal Income Fund, Inc. has a 12 month low of $10.64 and a 12 month high of $12.83. The stock’s 50 day moving average price is $12.50 and its 200 day moving average price is $12.35.

BlackRock Municipal Income Fund Announces Dividend

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

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.