Park Avenue Securities LLC Invests $148,000 in Blackrock Muni Intermediate Drtn Fnd Inc (MUI) Stock
Park Avenue Securities LLC purchased a new position in Blackrock Muni Intermediate Drtn Fnd Inc (NYSE:MUI) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 10,487 shares of the company’s stock, valued at approximately $148,000.
Separately, Stratos Wealth Partners LTD. purchased a new stake in shares of Blackrock Muni Intermediate Drtn Fnd in the 3rd quarter worth about $253,000.
Blackrock Muni Intermediate Drtn Fnd Inc (MUI) remained flat at $$14.00 during trading hours on Thursday. The stock had a trading volume of 68,100 shares, compared to its average volume of 94,017. Blackrock Muni Intermediate Drtn Fnd Inc has a 52 week low of $13.45 and a 52 week high of $14.41.
The business also recently announced a monthly dividend, which will be paid on Friday, December 1st. Stockholders of record on Wednesday, November 15th will be given a $0.0495 dividend. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $0.59 annualized dividend and a dividend yield of 4.24%.
Blackrock Muni Intermediate Drtn Fnd Profile
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).
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