Capital Investment Advisors LLC Purchases 10,802 Shares of Blackrock Muni Intermediate Drtn Fnd Inc (NYSE:MUI)

Capital Investment Advisors LLC lifted its position in Blackrock Muni Intermediate Drtn Fnd Inc (NYSE:MUI) by 4.5% during the 3rd quarter, HoldingsChannel reports. The firm owned 250,371 shares of the company’s stock after buying an additional 10,802 shares during the period. Capital Investment Advisors LLC’s holdings in Blackrock Muni Intermediate Drtn Fnd were worth $3,550,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. Park Avenue Securities LLC increased its holdings in shares of Blackrock Muni Intermediate Drtn Fnd by 6.6% in the third quarter. Park Avenue Securities LLC now owns 14,941 shares of the company’s stock worth $212,000 after purchasing an additional 930 shares during the period. LPL Financial LLC increased its holdings in shares of Blackrock Muni Intermediate Drtn Fnd by 6.6% in the second quarter. LPL Financial LLC now owns 19,760 shares of the company’s stock worth $278,000 after purchasing an additional 1,221 shares during the period. Bank of Montreal Can increased its holdings in shares of Blackrock Muni Intermediate Drtn Fnd by 186.8% in the second quarter. Bank of Montreal Can now owns 2,151 shares of the company’s stock worth $30,000 after purchasing an additional 1,401 shares during the period. Coastal Investment Advisors Inc. increased its holdings in shares of Blackrock Muni Intermediate Drtn Fnd by 17.8% in the third quarter. Coastal Investment Advisors Inc. now owns 15,000 shares of the company’s stock worth $213,000 after purchasing an additional 2,264 shares during the period. Finally, Intellectus Partners LLC increased its holdings in shares of Blackrock Muni Intermediate Drtn Fnd by 4.1% in the third quarter. Intellectus Partners LLC now owns 73,038 shares of the company’s stock worth $1,039,000 after purchasing an additional 2,897 shares during the period.

MUI opened at $14.03 on Friday. Blackrock Muni Intermediate Drtn Fnd Inc has a 52 week low of $12.41 and a 52 week high of $14.78. The business’s fifty day simple moving average is $14.16 and its 200 day simple moving average is $14.11.

The company also recently announced a monthly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 15th will be paid a $0.045 dividend. The ex-dividend date is Friday, October 11th. This represents a $0.54 dividend on an annualized basis and a yield of 3.85%.

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.

See Also: How mutual funds make money

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

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