Oarsman Capital Inc. Sells 1,625 Shares of BlackRock Municipal Income Fund, Inc. (NYSE:MUI)

Oarsman Capital Inc. reduced its stake in BlackRock Municipal Income Fund, Inc. (NYSE:MUI) by 6.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 25,625 shares of the company’s stock after selling 1,625 shares during the period. Oarsman Capital Inc.’s holdings in BlackRock Municipal Income Fund were worth $311,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Raymond James Financial Inc. bought a new stake in shares of BlackRock Municipal Income Fund during the 4th quarter valued at $893,000. Walleye Capital LLC bought a new stake in BlackRock Municipal Income Fund during the third quarter worth about $890,000. Thomas J. Herzfeld Advisors Inc. grew its stake in BlackRock Municipal Income Fund by 93.9% during the fourth quarter. Thomas J. Herzfeld Advisors Inc. now owns 86,319 shares of the company’s stock worth $1,046,000 after buying an additional 41,802 shares in the last quarter. Atala Financial Inc bought a new position in BlackRock Municipal Income Fund in the 4th quarter valued at about $397,000. Finally, Landscape Capital Management L.L.C. acquired a new position in shares of BlackRock Municipal Income Fund in the 4th quarter valued at approximately $345,000.

BlackRock Municipal Income Fund Stock Up 2.6 %

Shares of BlackRock Municipal Income Fund stock opened at $12.08 on Friday. The company has a 50 day moving average of $12.08 and a 200-day moving average of $12.31. BlackRock Municipal Income Fund, Inc. has a 1-year low of $11.46 and a 1-year high of $12.83.

BlackRock Municipal Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Friday, February 14th were issued a $0.055 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 5.46%. The ex-dividend date of this dividend was 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.