Hollencrest Capital Management Sells 2,102 Shares of BlackRock Municipal Income Fund, Inc. (NYSE:MUI)

Hollencrest Capital Management trimmed its stake in shares of BlackRock Municipal Income Fund, Inc. (NYSE:MUI) by 26.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 5,767 shares of the company’s stock after selling 2,102 shares during the quarter. Hollencrest Capital Management’s holdings in BlackRock Municipal Income Fund were worth $70,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MUI. US Bancorp DE raised its stake in shares of BlackRock Municipal Income Fund by 140.5% during the 3rd quarter. US Bancorp DE now owns 12,400 shares of the company’s stock valued at $156,000 after purchasing an additional 7,244 shares during the period. Farther Finance Advisors LLC bought a new stake in shares of BlackRock Municipal Income Fund during the 3rd quarter valued at $28,000. PNC Financial Services Group Inc. raised its stake in shares of BlackRock Municipal Income Fund by 21.8% during the 3rd quarter. PNC Financial Services Group Inc. now owns 470,285 shares of the company’s stock valued at $5,916,000 after purchasing an additional 84,149 shares during the period. Larson Financial Group LLC raised its stake in shares of BlackRock Municipal Income Fund by 240.0% during the 3rd quarter. Larson Financial Group LLC now owns 2,040 shares of the company’s stock valued at $26,000 after purchasing an additional 1,440 shares during the period. Finally, Walleye Capital LLC bought a new stake in shares of BlackRock Municipal Income Fund during the 3rd quarter valued at $890,000.

BlackRock Municipal Income Fund Trading Up 2.6 %

NYSE:MUI opened at $12.08 on Thursday. The business’s fifty day moving average is $12.11 and its 200 day moving average is $12.36. BlackRock Municipal Income Fund, Inc. has a 52-week low of $11.46 and a 52-week high of $12.83.

BlackRock Municipal Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Friday, February 14th were issued a dividend of $0.055 per share. This represents a $0.66 annualized dividend and a dividend yield of 5.46%. The ex-dividend date was Friday, February 14th.

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.