Rock Point Advisors LLC Sells 3,818 Shares of BlackRock Municipal Income Fund, Inc. (NYSE:MUI)

Rock Point Advisors LLC cut its position in shares of BlackRock Municipal Income Fund, Inc. (NYSE:MUI) by 4.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 76,456 shares of the company’s stock after selling 3,818 shares during the period. Rock Point Advisors LLC’s holdings in BlackRock Municipal Income Fund were worth $962,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Pathway Financial Advisers LLC lifted 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 grew its position in BlackRock Municipal Income Fund by 240.0% in the third quarter. Larson Financial Group LLC now owns 2,040 shares of the company’s stock valued at $26,000 after acquiring an additional 1,440 shares during the period. Bank of New York Mellon Corp raised its stake in BlackRock Municipal Income Fund by 2.2% during the second quarter. Bank of New York Mellon Corp now owns 67,077 shares of the company’s stock worth $828,000 after acquiring an additional 1,451 shares in the last quarter. U.S. Capital Wealth Advisors LLC lifted its holdings in shares of BlackRock Municipal Income Fund by 4.4% during the second quarter. U.S. Capital Wealth Advisors LLC now owns 38,789 shares of the company’s stock valued at $479,000 after acquiring an additional 1,635 shares during the period. Finally, Wolverine Asset Management LLC acquired a new stake in shares of BlackRock Municipal Income Fund in the 2nd quarter valued at $27,000.

BlackRock Municipal Income Fund Stock Up 0.6 %

Shares of MUI traded up $0.07 during trading hours on Tuesday, hitting $12.57. The stock had a trading volume of 286,522 shares, compared to its average volume of 286,796. BlackRock Municipal Income Fund, Inc. has a 52 week low of $10.97 and a 52 week high of $12.83. The company’s fifty day moving average is $12.48 and its two-hundred day moving average is $12.38.

BlackRock Municipal Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be given a dividend of $0.055 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 5.25%.

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.