Stifel Financial Corp Cuts Stake in BlackRock Municipal Income Fund, Inc. (NYSE:MUI)

Stifel Financial Corp cut its position in BlackRock Municipal Income Fund, Inc. (NYSE:MUI) by 60.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 63,311 shares of the company’s stock after selling 95,819 shares during the period. Stifel Financial Corp’s holdings in BlackRock Municipal Income Fund were worth $796,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of MUI. Quarry LP purchased a new position in BlackRock Municipal Income Fund in the 3rd quarter worth approximately $2,404,000. HighTower Advisors LLC increased its holdings in shares of BlackRock Municipal Income Fund by 2.0% in the 3rd quarter. HighTower Advisors LLC now owns 311,441 shares of the company’s stock worth $3,913,000 after purchasing an additional 5,965 shares in the last quarter. Benjamin Edwards Inc. purchased a new position in shares of BlackRock Municipal Income Fund in the third quarter worth $220,000. Walleye Capital LLC bought a new position in shares of BlackRock Municipal Income Fund during the third quarter valued at $890,000. Finally, 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.

BlackRock Municipal Income Fund Stock Performance

MUI opened at $12.19 on Wednesday. The company’s 50-day simple moving average is $12.52 and its two-hundred day simple moving average is $12.45. BlackRock Municipal Income Fund, Inc. has a 52-week low of $11.35 and a 52-week high of $12.83.

BlackRock Municipal Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be given a dividend of $0.055 per share. The ex-dividend date is Monday, December 16th. This represents a $0.66 dividend on an annualized basis and a yield of 5.41%.

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.