Hollencrest Capital Management Has $70,000 Stock Holdings in BlackRock Municipal Income Fund, Inc. (NYSE:MUI)

Hollencrest Capital Management trimmed its position in shares of BlackRock Municipal Income Fund, Inc. (NYSE:MUI) by 26.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor 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 SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Larson Financial Group LLC boosted its position in shares of BlackRock Municipal Income Fund by 240.0% during the third quarter. Larson Financial Group LLC now owns 2,040 shares of the company’s stock valued at $26,000 after buying an additional 1,440 shares during the last quarter. Farther Finance Advisors LLC purchased a new position in shares of BlackRock Municipal Income Fund during the third quarter valued at approximately $28,000. Noble Wealth Management PBC purchased a new position in shares of BlackRock Municipal Income Fund during the fourth quarter valued at approximately $61,000. HighTower Advisors LLC boosted its position in shares of BlackRock Municipal Income Fund by 2.0% during the third quarter. HighTower Advisors LLC now owns 311,441 shares of the company’s stock valued at $3,913,000 after buying an additional 5,965 shares during the last quarter. Finally, Eagle Bay Advisors LLC purchased a new position in shares of BlackRock Municipal Income Fund during the fourth quarter valued at approximately $85,000.

BlackRock Municipal Income Fund Stock Up 2.6 %

Shares of NYSE:MUI opened at $12.08 on Thursday. The business’s 50 day moving average is $12.11 and its 200 day moving average is $12.36. BlackRock Municipal Income Fund, Inc. has a 12-month low of $11.46 and a 12-month 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. Shareholders of record on Friday, February 14th were given a $0.055 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.66 annualized dividend and a yield of 5.46%.

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.