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

Tyche Wealth Partners LLC purchased a new position in BlackRock Municipal Income Fund, Inc. (NYSE:MUI) during the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 16,520 shares of the company’s stock, valued at approximately $192,000.

Several other hedge funds have also bought and sold shares of the stock. Raymond James Financial Services Advisors Inc. raised its position in shares of BlackRock Municipal Income Fund by 7.1% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 60,881 shares of the company’s stock valued at $799,000 after buying an additional 4,019 shares in the last quarter. Cetera Advisor Networks LLC raised its position in shares of BlackRock Municipal Income Fund by 24.5% during the 1st quarter. Cetera Advisor Networks LLC now owns 12,700 shares of the company’s stock valued at $167,000 after buying an additional 2,500 shares in the last quarter. Baird Financial Group Inc. raised its position in shares of BlackRock Municipal Income Fund by 36.6% during the 1st quarter. Baird Financial Group Inc. now owns 29,973 shares of the company’s stock valued at $394,000 after buying an additional 8,032 shares in the last quarter. Nations Financial Group Inc. IA ADV purchased a new stake in shares of BlackRock Municipal Income Fund during the 1st quarter valued at about $437,000. Finally, UBS Group AG raised its position in shares of BlackRock Municipal Income Fund by 1.4% during the 1st quarter. UBS Group AG now owns 330,572 shares of the company’s stock valued at $4,340,000 after buying an additional 4,681 shares in the last quarter.

BlackRock Municipal Income Fund Stock Performance

Shares of NYSE MUI opened at $11.62 on Friday. The firm’s 50-day moving average price is $11.83 and its 200-day moving average price is $11.31. BlackRock Municipal Income Fund, Inc. has a 12-month low of $9.73 and a 12-month high of $12.09.

BlackRock Municipal Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Monday, April 15th will be given a dividend of $0.055 per share. This represents a $0.66 annualized dividend and a dividend yield of 5.68%. 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.