Advisors Asset Management Inc. Has $677,000 Position in Blackrock Muni Intermediate Drtn Fnd Inc (MUI)

Advisors Asset Management Inc. lessened its position in shares of Blackrock Muni Intermediate Drtn Fnd Inc (NYSE:MUI) by 98.2% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,086 shares of the company’s stock after selling 171,116 shares during the quarter. Advisors Asset Management Inc.’s holdings in Blackrock Muni Intermediate Drtn Fnd were worth $677,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Stephens Inc. AR acquired a new stake in Blackrock Muni Intermediate Drtn Fnd during the second quarter valued at $279,000. PNC Financial Services Group Inc. grew its position in shares of Blackrock Muni Intermediate Drtn Fnd by 312.5% in the second quarter. PNC Financial Services Group Inc. now owns 36,300 shares of the company’s stock valued at $480,000 after purchasing an additional 27,500 shares during the period. RMB Capital Management LLC grew its position in shares of Blackrock Muni Intermediate Drtn Fnd by 27.1% in the first quarter. RMB Capital Management LLC now owns 76,933 shares of the company’s stock valued at $1,009,000 after purchasing an additional 16,405 shares during the period. Royal Bank of Canada grew its position in shares of Blackrock Muni Intermediate Drtn Fnd by 118.1% in the first quarter. Royal Bank of Canada now owns 98,988 shares of the company’s stock valued at $1,297,000 after purchasing an additional 53,600 shares during the period. Finally, Edmonds Duncan Registered Investment Advisors LLC grew its position in shares of Blackrock Muni Intermediate Drtn Fnd by 3.7% in the second quarter. Edmonds Duncan Registered Investment Advisors LLC now owns 105,870 shares of the company’s stock valued at $1,399,000 after purchasing an additional 3,794 shares during the period.

Shares of NYSE MUI opened at $12.56 on Monday. Blackrock Muni Intermediate Drtn Fnd Inc has a 52-week low of $12.47 and a 52-week high of $14.37.

The business also recently announced a monthly dividend, which will be paid on Thursday, November 1st. Stockholders of record on Monday, October 15th will be given a $0.045 dividend. The ex-dividend date is Friday, October 12th. This represents a $0.54 annualized dividend and a dividend yield of 4.30%.

About Blackrock Muni Intermediate Drtn Fnd

BlackRock Muni Intermediate Duration Fund, Inc (the Fund) is a closed-end management investment company. The Fund’s investment objective is to provide common shareholders with high current income exempt from federal income taxes. The Fund seeks to achieve its investment objective by investing approximately 80% of its assets in municipal bonds exempt from federal income taxes (except that the interest may be subject to the federal alternative minimum tax).

Further Reading: Book Value Per Share – BVPS

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Institutional Ownership by Quarter for Blackrock Muni Intermediate Drtn Fnd (NYSE:MUI)

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