Mackay Shields LLC Trims Stock Position in BlackRock Municipal Income Fund, Inc. (NYSE:MUI)

Mackay Shields LLC cut its stake in shares of BlackRock Municipal Income Fund, Inc. (NYSE:MUI) by 80.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 189,123 shares of the company’s stock after selling 790,783 shares during the period. Mackay Shields LLC’s holdings in BlackRock Municipal Income Fund were worth $2,292,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. raised its stake in BlackRock Municipal Income Fund by 21.8% during the 3rd quarter. PNC Financial Services Group Inc. now owns 470,285 shares of the company’s stock valued at $5,916,000 after acquiring an additional 84,149 shares during the last quarter. Van ECK Associates Corp raised its stake in BlackRock Municipal Income Fund by 2.0% during the 3rd quarter. Van ECK Associates Corp now owns 421,867 shares of the company’s stock valued at $5,244,000 after acquiring an additional 8,266 shares during the last quarter. Pathway Financial Advisers LLC raised its stake in BlackRock Municipal Income Fund by 1,150.0% during the 3rd quarter. Pathway Financial Advisers LLC now owns 402,989 shares of the company’s stock valued at $5,070,000 after acquiring an additional 370,749 shares during the last quarter. Dakota Wealth Management raised its stake in BlackRock Municipal Income Fund by 7.6% during the 3rd quarter. Dakota Wealth Management now owns 350,466 shares of the company’s stock valued at $4,409,000 after acquiring an additional 24,765 shares during the last quarter. Finally, HighTower Advisors LLC raised its stake in BlackRock Municipal Income Fund by 2.0% during the 3rd quarter. HighTower Advisors LLC now owns 311,441 shares of the company’s stock valued at $3,913,000 after acquiring an additional 5,965 shares during the last quarter.

BlackRock Municipal Income Fund Stock Up 2.6 %

MUI opened at $12.08 on Friday. The business has a 50 day moving average price of $12.16 and a two-hundred day moving average price of $12.39. 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 announced a monthly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Friday, February 14th will be paid a dividend of $0.055 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 5.46%. The ex-dividend date is Friday, February 14th.

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.