Pathway Financial Advisers LLC Cuts Holdings in BlackRock Municipal Income Fund, Inc. (NYSE:MUI)

Pathway Financial Advisers LLC reduced its position in shares of BlackRock Municipal Income Fund, Inc. (NYSE:MUI) by 99.0% during the 4th quarter, HoldingsChannel reports. The fund owned 3,855 shares of the company’s stock after selling 399,134 shares during the period. Pathway Financial Advisers LLC’s holdings in BlackRock Municipal Income Fund were worth $47,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the business. Larson Financial Group LLC raised its holdings 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 worth $26,000 after purchasing an additional 1,440 shares during the period. Farther Finance Advisors LLC purchased a new stake in shares of BlackRock Municipal Income Fund in the third quarter valued at approximately $28,000. Eagle Bay Advisors LLC acquired a new position in shares of BlackRock Municipal Income Fund during the 4th quarter worth approximately $85,000. US Bancorp DE lifted its position 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 buying an additional 7,244 shares in the last quarter. Finally, XTX Topco Ltd acquired a new stake in BlackRock Municipal Income Fund in the 3rd quarter valued at $217,000.

BlackRock Municipal Income Fund Price Performance

Shares of NYSE MUI opened at $11.78 on Friday. The firm has a fifty day moving average of $12.26 and a 200 day moving average of $12.41. BlackRock Municipal Income Fund, Inc. has a one year low of $11.46 and a one year high of $12.83.

BlackRock Municipal Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Friday, February 14th will be paid a dividend of $0.055 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 5.60%.

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.