Mackay Shields LLC Makes New $914,000 Investment in BlackRock Municipal Income Fund, Inc. (NYSE:MUI)

Mackay Shields LLC bought a new stake in BlackRock Municipal Income Fund, Inc. (NYSE:MUI) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 78,560 shares of the company’s stock, valued at approximately $914,000.

A number of other large investors also recently made changes to their positions in MUI. Drive Wealth Management LLC bought a new stake in BlackRock Municipal Income Fund in the 4th quarter worth about $131,000. Cerity Partners LLC purchased a new position in shares of BlackRock Municipal Income Fund in the 4th quarter worth approximately $141,000. Sfmg LLC bought a new position in shares of BlackRock Municipal Income Fund in the third quarter valued at approximately $129,000. Scissortail Wealth Management LLC purchased a new stake in shares of BlackRock Municipal Income Fund during the fourth quarter valued at approximately $150,000. Finally, Fort Point Capital Partners LLC purchased a new stake in shares of BlackRock Municipal Income Fund during the third quarter valued at approximately $159,000.

BlackRock Municipal Income Fund Stock Down 0.9 %

MUI stock traded down $0.11 during midday trading on Thursday, hitting $11.47. The company’s stock had a trading volume of 77,540 shares, compared to its average volume of 188,228. The stock’s 50-day moving average price is $11.82 and its 200 day moving average price is $11.36. BlackRock Municipal Income Fund, Inc. has a 1 year low of $9.73 and a 1 year high of $12.09.

BlackRock Municipal Income Fund Announces Dividend

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

BlackRock Municipal Income Fund Profile

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.