U.S. Capital Wealth Advisors LLC Cuts Stake in BlackRock Municipal Income Fund, Inc. (NYSE:MUI)

U.S. Capital Wealth Advisors LLC lowered its stake in shares of BlackRock Municipal Income Fund, Inc. (NYSE:MUI) by 20.6% in the fourth quarter, Holdings Channel reports. The firm owned 30,789 shares of the company’s stock after selling 8,000 shares during the period. U.S. Capital Wealth Advisors LLC’s holdings in BlackRock Municipal Income Fund were worth $373,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of MUI. Northwestern Mutual Wealth Management Co. increased its stake in shares of BlackRock Municipal Income Fund by 28.4% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 13,530 shares of the company’s stock worth $167,000 after purchasing an additional 2,993 shares in the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of BlackRock Municipal Income Fund during the second quarter worth about $275,000. Dakota Wealth Management increased its stake in shares of BlackRock Municipal Income Fund by 7.6% during the third quarter. Dakota Wealth Management now owns 350,466 shares of the company’s stock worth $4,409,000 after purchasing an additional 24,765 shares in the last quarter. Pathway Financial Advisers LLC increased its stake in shares of BlackRock Municipal Income Fund by 1,150.0% during the third quarter. Pathway Financial Advisers LLC now owns 402,989 shares of the company’s stock worth $5,070,000 after purchasing an additional 370,749 shares in the last quarter. Finally, US Bancorp DE increased its stake in shares of BlackRock Municipal Income Fund by 140.5% during the third quarter. US Bancorp DE now owns 12,400 shares of the company’s stock worth $156,000 after purchasing an additional 7,244 shares in the last quarter.

BlackRock Municipal Income Fund Stock Up 0.0 %

Shares of NYSE MUI opened at $12.11 on Friday. BlackRock Municipal Income Fund, Inc. has a 12-month low of $11.46 and a 12-month high of $12.83. The company has a 50-day moving average of $12.32 and a 200 day moving average of $12.41.

BlackRock Municipal Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, February 26th. Investors of record on Friday, February 14th will be paid a dividend of $0.055 per share. The ex-dividend date is Friday, February 14th. This represents a $0.66 annualized dividend and a yield of 5.45%.

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.