Sanctuary Advisors LLC Takes $275,000 Position in BlackRock Municipal Income Fund, Inc. (NYSE:MUI)

Sanctuary Advisors LLC bought a new stake in shares of BlackRock Municipal Income Fund, Inc. (NYSE:MUI) in the second quarter, Holdings Channel.com reports. The fund bought 23,980 shares of the company’s stock, valued at approximately $275,000.

A number of other large investors have also recently made changes to their positions in MUI. Wolverine Asset Management LLC purchased a new stake in shares of BlackRock Municipal Income Fund during the second quarter valued at $27,000. Eagle Bay Advisors LLC purchased a new stake in BlackRock Municipal Income Fund in the second quarter worth about $82,000. WealthShield Partners LLC purchased a new stake in BlackRock Municipal Income Fund in the second quarter worth about $144,000. Cetera Advisors LLC purchased a new stake in BlackRock Municipal Income Fund in the first quarter worth about $145,000. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in BlackRock Municipal Income Fund by 28.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 13,530 shares of the company’s stock worth $167,000 after acquiring an additional 2,993 shares during the period.

BlackRock Municipal Income Fund Stock Up 0.1 %

NYSE:MUI opened at $12.58 on Friday. BlackRock Municipal Income Fund, Inc. has a 1-year low of $9.73 and a 1-year high of $12.83. The company has a 50-day moving average of $12.51 and a 200 day moving average of $12.25.

BlackRock Municipal Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 15th will be issued a $0.055 dividend. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $0.66 dividend on an annualized basis and a yield of 5.25%.

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.