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

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

Several other large investors have also bought and sold shares of the company. Sfmg LLC bought a new stake in BlackRock Municipal Income Fund during the third quarter worth approximately $129,000. Drive Wealth Management LLC acquired a new stake in shares of BlackRock Municipal Income Fund during the 4th quarter valued at $131,000. Cerity Partners LLC bought a new stake in shares of BlackRock Municipal Income Fund during the 4th quarter worth $141,000. Scissortail Wealth Management LLC acquired a new position in shares of BlackRock Municipal Income Fund in the 4th quarter worth $150,000. Finally, Fort Point Capital Partners LLC acquired a new stake in shares of BlackRock Municipal Income Fund during the third quarter worth $159,000.

BlackRock Municipal Income Fund Trading Down 0.9 %

Shares of NYSE MUI traded down $0.11 during mid-day trading on Thursday, hitting $11.47. 77,540 shares of the company traded hands, compared to its average volume of 188,228. BlackRock Municipal Income Fund, Inc. has a 1 year low of $9.73 and a 1 year high of $12.09. The business has a 50 day moving average of $11.82 and a two-hundred day moving average of $11.36.

BlackRock Municipal Income Fund Dividend Announcement

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

BlackRock Municipal Income Fund Company 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.