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

Pathway Financial Advisers LLC lifted its stake in BlackRock Municipal Income Fund, Inc. (NYSE:MUI) by 1,150.0% during the third quarter, according to its most recent 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 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of MUI. Wolverine Asset Management LLC purchased a new position in BlackRock Municipal Income Fund during the 2nd quarter worth $27,000. Eagle Bay Advisors LLC purchased a new stake in BlackRock Municipal Income Fund during the second quarter worth about $82,000. Wiser Wealth Management Inc purchased a new stake in BlackRock Municipal Income Fund during the third quarter worth about $140,000. WealthShield Partners LLC purchased a new stake in BlackRock Municipal Income Fund during the second quarter worth about $144,000. Finally, Cetera Advisors LLC purchased a new stake in shares of BlackRock Municipal Income Fund in the first quarter valued at about $145,000.

BlackRock Municipal Income Fund Stock Down 0.2 %

Shares of NYSE MUI opened at $12.41 on Wednesday. BlackRock Municipal Income Fund, Inc. has a 12-month low of $9.75 and a 12-month high of $12.83. The firm’s 50-day moving average is $12.50 and its two-hundred day moving average is $12.28.

BlackRock Municipal Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 1st. Stockholders of record on Tuesday, October 15th will be given a $0.055 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 5.32%. The ex-dividend date is Tuesday, October 15th.

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.