Royal Bank of Canada Purchases 318,326 Shares of Blackrock Muni Intermediate Drtn Fnd Inc (NYSE:MUI)

Royal Bank of Canada increased its position in Blackrock Muni Intermediate Drtn Fnd Inc (NYSE:MUI) by 385.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 400,929 shares of the company’s stock after acquiring an additional 318,326 shares during the period. Royal Bank of Canada’s holdings in Blackrock Muni Intermediate Drtn Fnd were worth $5,632,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of MUI. Vivaldi Capital Management LLC grew its holdings in shares of Blackrock Muni Intermediate Drtn Fnd by 28.9% in the second quarter. Vivaldi Capital Management LLC now owns 248,104 shares of the company’s stock worth $3,486,000 after acquiring an additional 55,626 shares during the period. Sanders Morris Harris LLC bought a new stake in Blackrock Muni Intermediate Drtn Fnd during the second quarter valued at about $774,000. Bank of America Corp DE grew its holdings in Blackrock Muni Intermediate Drtn Fnd by 11.9% during the second quarter. Bank of America Corp DE now owns 420,184 shares of the company’s stock valued at $5,904,000 after purchasing an additional 44,817 shares during the period. Morgan Stanley grew its holdings in Blackrock Muni Intermediate Drtn Fnd by 5.9% during the second quarter. Morgan Stanley now owns 722,053 shares of the company’s stock valued at $10,145,000 after purchasing an additional 40,151 shares during the period. Finally, Wells Fargo & Company MN grew its holdings in Blackrock Muni Intermediate Drtn Fnd by 0.9% during the second quarter. Wells Fargo & Company MN now owns 3,451,824 shares of the company’s stock valued at $48,498,000 after purchasing an additional 32,094 shares during the period.

NYSE:MUI opened at $14.05 on Friday. The stock has a 50-day simple moving average of $14.32 and a two-hundred day simple moving average of $14.09. Blackrock Muni Intermediate Drtn Fnd Inc has a 52-week low of $12.30 and a 52-week high of $14.78.

The business also recently declared a monthly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 15th will be issued a dividend of $0.045 per share. This represents a $0.54 annualized dividend and a yield of 3.84%. The ex-dividend date is Friday, October 11th.

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.

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

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