Park Avenue Securities LLC Boosts Stock Position in BlackRock Municipal Income Fund, Inc. (NYSE:MUI)

Park Avenue Securities LLC lifted its position in BlackRock Municipal Income Fund, Inc. (NYSE:MUI) by 13.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 16,859 shares of the company’s stock after buying an additional 2,030 shares during the quarter. Park Avenue Securities LLC’s holdings in BlackRock Municipal Income Fund were worth $203,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Karpus Management Inc. raised its holdings in shares of BlackRock Municipal Income Fund by 16.9% in the 4th quarter. Karpus Management Inc. now owns 12,403,877 shares of the company’s stock valued at $144,381,000 after buying an additional 1,791,567 shares during the period. Pathstone Holdings LLC purchased a new stake in BlackRock Municipal Income Fund during the 4th quarter worth about $36,451,000. Van ECK Associates Corp increased its holdings in BlackRock Municipal Income Fund by 10.9% during the 4th quarter. Van ECK Associates Corp now owns 535,712 shares of the company’s stock worth $6,236,000 after purchasing an additional 52,436 shares during the period. Intellectus Partners LLC increased its holdings in BlackRock Municipal Income Fund by 5.3% during the 4th quarter. Intellectus Partners LLC now owns 410,547 shares of the company’s stock worth $4,779,000 after purchasing an additional 20,828 shares during the period. Finally, Robinson Capital Management LLC increased its holdings in BlackRock Municipal Income Fund by 26.6% during the 4th quarter. Robinson Capital Management LLC now owns 397,932 shares of the company’s stock worth $4,640,000 after purchasing an additional 83,659 shares during the period.

BlackRock Municipal Income Fund Stock Performance

Shares of NYSE MUI opened at $12.30 on Wednesday. The stock’s 50-day moving average is $12.11 and its two-hundred day moving average is $11.87. BlackRock Municipal Income Fund, Inc. has a 1-year low of $9.73 and a 1-year high of $12.42.

BlackRock Municipal Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, August 1st. Shareholders of record on Monday, July 15th will be issued a dividend of $0.055 per share. The ex-dividend date of this dividend is Monday, July 15th. This represents a $0.66 annualized dividend and a yield of 5.37%.

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.