Logan Stone Capital LLC Makes New $670,000 Investment in BlackRock Municipal Income Fund, Inc. (NYSE:MUI)

Logan Stone Capital LLC bought a new stake in shares of BlackRock Municipal Income Fund, Inc. (NYSE:MUI) during the second quarter, Holdings Channel reports. The institutional investor bought 54,328 shares of the company’s stock, valued at approximately $670,000.

Other large investors also recently made changes to their positions in the company. Wolverine Asset Management LLC acquired a new position in BlackRock Municipal Income Fund during the 2nd quarter valued at about $27,000. Eagle Bay Advisors LLC purchased a new position in BlackRock Municipal Income Fund in the second quarter valued at about $82,000. WealthShield Partners LLC purchased a new stake in BlackRock Municipal Income Fund in the second quarter worth $144,000. Cetera Advisors LLC bought a new stake in BlackRock Municipal Income Fund in the 1st quarter valued at about $145,000. Finally, Janney Montgomery Scott LLC raised its position in shares of BlackRock Municipal Income Fund by 7.5% in the first quarter. Janney Montgomery Scott LLC now owns 14,817 shares of the company’s stock valued at $179,000 after purchasing an additional 1,036 shares during the period.

BlackRock Municipal Income Fund Trading Up 0.2 %

Shares of MUI opened at $12.45 on Friday. The business’s 50-day moving average price is $12.43 and its 200-day moving average price is $12.17. BlackRock Municipal Income Fund, Inc. has a twelve month low of $9.73 and a twelve month high of $12.58.

BlackRock Municipal Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 15th will be paid a dividend of $0.055 per share. This represents a $0.66 annualized dividend and a yield of 5.30%. The ex-dividend date is Tuesday, October 15th.

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.