Intellectus Partners LLC Has $1.25 Million Stock Holdings in Blackrock Muni Intermediate Drtn Fnd Inc (NYSE:MUI)

Intellectus Partners LLC raised its position in Blackrock Muni Intermediate Drtn Fnd Inc (NYSE:MUI) by 20.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 87,888 shares of the company’s stock after buying an additional 14,850 shares during the quarter. Intellectus Partners LLC’s holdings in Blackrock Muni Intermediate Drtn Fnd were worth $1,252,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MUI. Capital Investment Advisors LLC raised its position in Blackrock Muni Intermediate Drtn Fnd by 4.5% in the third quarter. Capital Investment Advisors LLC now owns 250,371 shares of the company’s stock valued at $3,550,000 after purchasing an additional 10,802 shares during the last quarter. Bank of America Corp DE grew its stake in Blackrock Muni Intermediate Drtn Fnd by 11.9% in the second quarter. Bank of America Corp DE now owns 420,184 shares of the company’s stock valued at $5,904,000 after acquiring an additional 44,817 shares during the period. Janney Montgomery Scott LLC boosted its position in shares of Blackrock Muni Intermediate Drtn Fnd by 18.9% during the third quarter. Janney Montgomery Scott LLC now owns 31,405 shares of the company’s stock valued at $445,000 after buying an additional 5,000 shares during the last quarter. Benjamin F. Edwards & Company Inc. boosted its position in shares of Blackrock Muni Intermediate Drtn Fnd by 630.3% during the third quarter. Benjamin F. Edwards & Company Inc. now owns 44,462 shares of the company’s stock valued at $630,000 after buying an additional 38,374 shares during the last quarter. Finally, Royal Bank of Canada boosted its position in shares of Blackrock Muni Intermediate Drtn Fnd by 385.4% during the second quarter. Royal Bank of Canada now owns 400,929 shares of the company’s stock valued at $5,632,000 after buying an additional 318,326 shares during the last quarter.

Shares of MUI traded up $0.05 during mid-day trading on Friday, hitting $14.69. The stock had a trading volume of 3,245 shares, compared to its average volume of 57,973. The business has a fifty day moving average price of $14.34 and a 200-day moving average price of $14.25. Blackrock Muni Intermediate Drtn Fnd Inc has a 52 week low of $12.93 and a 52 week high of $14.78.

The firm also recently announced a monthly dividend, which will be paid on Monday, February 3rd. Investors of record on Wednesday, January 15th will be given a dividend of $0.045 per share. This represents a $0.54 annualized dividend and a yield of 3.68%. This is a boost from Blackrock Muni Intermediate Drtn Fnd’s previous monthly dividend of $0.04. The ex-dividend date is Tuesday, January 14th.

Blackrock Muni Intermediate Drtn Fnd 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.

Further Reading: Cash Flow

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

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