Rothschild Investment LLC Makes New Investment in BlackRock Municipal Income Fund, Inc. (NYSE:MUI)

Rothschild Investment LLC acquired a new position in BlackRock Municipal Income Fund, Inc. (NYSE:MUI) in the 2nd quarter, Holdings Channel reports. The firm acquired 60,350 shares of the company’s stock, valued at approximately $745,000.

Other hedge funds have also made changes to their positions in the company. Eagle Bay Advisors LLC purchased a new stake in BlackRock Municipal Income Fund during the 2nd quarter worth $82,000. Blue Bell Private Wealth Management LLC boosted its position in shares of BlackRock Municipal Income Fund by 736.3% in the first quarter. Blue Bell Private Wealth Management LLC now owns 8,363 shares of the company’s stock worth $101,000 after buying an additional 7,363 shares during the period. WealthShield Partners LLC acquired a new stake in shares of BlackRock Municipal Income Fund in the second quarter valued at about $144,000. Cetera Advisors LLC acquired a new stake in shares of BlackRock Municipal Income Fund in the first quarter valued at about $145,000. Finally, Janney Montgomery Scott LLC raised its holdings in shares of BlackRock Municipal Income Fund by 7.5% during the 1st quarter. Janney Montgomery Scott LLC now owns 14,817 shares of the company’s stock valued at $179,000 after buying an additional 1,036 shares during the period.

BlackRock Municipal Income Fund Price Performance

BlackRock Municipal Income Fund stock opened at $12.42 on Friday. BlackRock Municipal Income Fund, Inc. has a one year low of $9.73 and a one year high of $12.58. The stock’s 50 day moving average price is $12.37 and its 200 day moving average price is $12.09.

BlackRock Municipal Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Thursday, August 15th will be issued a $0.055 dividend. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $0.66 dividend on an annualized basis and a yield of 5.31%.

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.