BlackRock Municipal Income Fund, Inc. (NYSE:MUI) Shares Bought by Pathway Financial Advisers LLC

Pathway Financial Advisers LLC increased its position in BlackRock Municipal Income Fund, Inc. (NYSE:MUI) by 1,150.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 402,989 shares of the company’s stock after buying an additional 370,749 shares during the period. Pathway Financial Advisers LLC’s holdings in BlackRock Municipal Income Fund were worth $5,070,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in MUI. Wolverine Asset Management LLC purchased a new stake in BlackRock Municipal Income Fund in the second quarter valued at approximately $27,000. Eagle Bay Advisors LLC acquired a new stake in shares of BlackRock Municipal Income Fund during the 2nd quarter worth $82,000. Wiser Wealth Management Inc purchased a new position in shares of BlackRock Municipal Income Fund in the 3rd quarter worth $140,000. WealthShield Partners LLC acquired a new position in BlackRock Municipal Income Fund in the second quarter valued at $144,000. Finally, Cetera Advisors LLC purchased a new stake in BlackRock Municipal Income Fund during the first quarter valued at about $145,000.

BlackRock Municipal Income Fund Stock Performance

NYSE:MUI traded up $0.03 on Friday, hitting $12.44. 244,526 shares of the stock were exchanged, compared to its average volume of 238,188. BlackRock Municipal Income Fund, Inc. has a fifty-two week low of $9.73 and a fifty-two week high of $12.83. The stock has a fifty day moving average of $12.51 and a 200-day moving average of $12.27.

BlackRock Municipal Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 15th will be issued a $0.055 dividend. The ex-dividend date is Tuesday, October 15th. This represents a $0.66 annualized dividend and a yield of 5.31%.

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.