Pathstone Holdings LLC Has $17.56 Million Stake in BlackRock Municipal Income Fund, Inc. (NYSE:MUI)

Pathstone Holdings LLC lowered its position in BlackRock Municipal Income Fund, Inc. (NYSE:MUI) by 48.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,396,156 shares of the company’s stock after selling 1,336,640 shares during the period. Pathstone Holdings LLC’s holdings in BlackRock Municipal Income Fund were worth $17,564,000 at the end of the most recent reporting period.

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

BlackRock Municipal Income Fund Price Performance

Shares of MUI stock opened at $12.20 on Wednesday. The stock’s 50 day simple moving average is $12.48 and its 200 day simple moving average is $12.37. BlackRock Municipal Income Fund, Inc. has a twelve month low of $10.97 and a twelve month high of $12.83.

BlackRock Municipal Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be given a $0.055 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 5.41%. The ex-dividend date of this dividend is Friday, November 15th.

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.