Van ECK Associates Corp Buys 8,266 Shares of BlackRock Municipal Income Fund, Inc. (NYSE:MUI)

Van ECK Associates Corp grew its holdings in BlackRock Municipal Income Fund, Inc. (NYSE:MUI) by 2.0% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 421,867 shares of the company’s stock after acquiring an additional 8,266 shares during the quarter. Van ECK Associates Corp’s holdings in BlackRock Municipal Income Fund were worth $5,244,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Pathway Financial Advisers LLC boosted its position in shares of BlackRock Municipal Income Fund by 2.6% in the second quarter. Pathway Financial Advisers LLC now owns 32,240 shares of the company’s stock valued at $398,000 after acquiring an additional 808 shares during the period. Janney Montgomery Scott LLC boosted its position in shares of BlackRock Municipal Income Fund by 7.5% in the first quarter. Janney Montgomery Scott LLC now owns 14,817 shares of the company’s stock valued at $179,000 after acquiring an additional 1,036 shares during the period. Bank of New York Mellon Corp boosted its position in shares of BlackRock Municipal Income Fund by 2.2% in the second quarter. Bank of New York Mellon Corp now owns 67,077 shares of the company’s stock valued at $828,000 after acquiring an additional 1,451 shares during the period. Ironsides Asset Advisors LLC boosted its position in shares of BlackRock Municipal Income Fund by 4.0% in the first quarter. Ironsides Asset Advisors LLC now owns 42,865 shares of the company’s stock valued at $517,000 after acquiring an additional 1,633 shares during the period. Finally, U.S. Capital Wealth Advisors LLC lifted its position in BlackRock Municipal Income Fund by 4.4% during the second quarter. U.S. Capital Wealth Advisors LLC now owns 38,789 shares of the company’s stock worth $479,000 after purchasing an additional 1,635 shares during the period.

BlackRock Municipal Income Fund Stock Up 0.2 %

MUI opened at $12.52 on Friday. BlackRock Municipal Income Fund, Inc. has a twelve month low of $10.38 and a twelve month high of $12.83. The company has a 50-day simple moving average of $12.50 and a 200 day simple moving average of $12.32.

BlackRock Municipal Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be given a dividend of $0.055 per share. The ex-dividend date is Friday, November 15th. This represents a $0.66 annualized dividend and a yield of 5.27%.

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.