Arete Wealth Advisors LLC Sells 1,524 Shares of BlackRock Municipal Income Fund, Inc. (NYSE:MUI)

Arete Wealth Advisors LLC lessened its holdings in BlackRock Municipal Income Fund, Inc. (NYSE:MUI) by 4.8% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 30,002 shares of the company’s stock after selling 1,524 shares during the period. Arete Wealth Advisors LLC’s holdings in BlackRock Municipal Income Fund were worth $375,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Larson Financial Group LLC grew its position in BlackRock Municipal Income Fund by 240.0% in the 3rd 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 last quarter. Wolverine Asset Management LLC bought 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 shares of BlackRock Municipal Income Fund during the 3rd quarter worth $28,000. Eagle Bay Advisors LLC bought a new position in shares of BlackRock Municipal Income Fund during the 2nd quarter worth $82,000. Finally, Wiser Wealth Management Inc bought a new position in shares of BlackRock Municipal Income Fund during the 3rd quarter worth $140,000.

BlackRock Municipal Income Fund Price Performance

MUI opened at $12.71 on Friday. BlackRock Municipal Income Fund, Inc. has a 12-month low of $11.35 and a 12-month high of $12.83. The business’s fifty day simple moving average is $12.55 and its 200-day simple moving average is $12.43.

BlackRock Municipal Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be given a dividend of $0.055 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 5.19%. The ex-dividend date is Monday, December 16th.

BlackRock Municipal Income Fund Company 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.