E&G Advisors LP Has $485,000 Stock Position in BlackRock Municipal Income Fund, Inc. (NYSE:MUI)

E&G Advisors LP cut its stake in BlackRock Municipal Income Fund, Inc. (NYSE:MUI) by 4.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 40,000 shares of the company’s stock after selling 2,000 shares during the period. E&G Advisors LP’s holdings in BlackRock Municipal Income Fund were worth $485,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of MUI. Eagle Bay Advisors LLC bought a new position in BlackRock Municipal Income Fund during the fourth quarter valued at about $85,000. XTX Topco Ltd bought a new stake in shares of BlackRock Municipal Income Fund during the third quarter valued at approximately $217,000. Quarry LP acquired a new position in shares of BlackRock Municipal Income Fund in the third quarter valued at $2,404,000. HighTower Advisors LLC lifted its position in BlackRock Municipal Income Fund by 2.0% in the third 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 during the period. Finally, Benjamin Edwards Inc. acquired a new stake in BlackRock Municipal Income Fund during the third quarter worth $220,000.

BlackRock Municipal Income Fund Price Performance

Shares of BlackRock Municipal Income Fund stock opened at $12.07 on Tuesday. The company’s fifty day moving average price is $12.34 and its two-hundred day moving average price is $12.42. BlackRock Municipal Income Fund, Inc. has a 52-week low of $11.46 and a 52-week high of $12.83.

BlackRock Municipal Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Monday, February 3rd. Shareholders of record on Wednesday, January 15th were paid a dividend of $0.055 per share. This represents a $0.66 dividend on an annualized basis and a yield of 5.47%. The ex-dividend date was Wednesday, January 15th.

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.