Intellectus Partners LLC Purchases 20,828 Shares of BlackRock Municipal Income Fund, Inc. (NYSE:MUI)

Intellectus Partners LLC grew its position in BlackRock Municipal Income Fund, Inc. (NYSE:MUI) by 5.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 410,547 shares of the company’s stock after purchasing an additional 20,828 shares during the quarter. BlackRock Municipal Income Fund makes up about 1.4% of Intellectus Partners LLC’s portfolio, making the stock its 12th largest position. Intellectus Partners LLC’s holdings in BlackRock Municipal Income Fund were worth $4,779,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Mackay Shields LLC purchased a new stake in BlackRock Municipal Income Fund during the fourth quarter worth about $914,000. Scissortail Wealth Management LLC purchased a new stake in BlackRock Municipal Income Fund during the fourth quarter worth about $150,000. Tyche Wealth Partners LLC purchased a new stake in BlackRock Municipal Income Fund during the fourth quarter worth about $192,000. Dakota Wealth Management increased its holdings in BlackRock Municipal Income Fund by 18.4% during the fourth quarter. Dakota Wealth Management now owns 277,397 shares of the company’s stock worth $3,229,000 after buying an additional 43,039 shares during the last quarter. Finally, Genesee Capital Advisors LLC purchased a new stake in BlackRock Municipal Income Fund during the fourth quarter worth about $303,000.

BlackRock Municipal Income Fund Price Performance

Shares of MUI traded down $0.02 during trading hours on Friday, hitting $11.48. The company’s stock had a trading volume of 85,512 shares, compared to its average volume of 186,959. The business has a 50 day simple moving average of $11.81 and a two-hundred day simple moving average of $11.38. BlackRock Municipal Income Fund, Inc. has a 52-week low of $9.73 and a 52-week high of $12.09.

BlackRock Municipal Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Monday, April 15th will be issued a $0.055 dividend. The ex-dividend date of this dividend is Friday, April 12th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 5.75%.

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.