Mackay Shields adds Blackrock Muni Intermediate Drtn Fnd Inc (MUI) to its portfolio

Blackrock Muni Intermediate Drtn Fnd Inc (MUI) : Mackay Shields added new position in Blackrock Muni Intermediate Drtn Fnd Inc during the most recent quarter end. The investment management firm now holds 417,358 shares of Blackrock Muni Intermediate Drtn Fnd Inc which is valued at $6,402,272 , the company said in a statement filed on Jul 25, 2016 with the SEC.Blackrock Muni Intermediate Drtn Fnd Inc makes up approximately 1.30% of Mackay Shields’s portfolio.

Other Hedge Funds, Including , Capital Investment Advisors boosted its stake in MUI in the latest quarter, The investment management firm added 69,000 additional shares and now holds a total of 115,730 shares of Blackrock Muni Intermediate Drtn Fnd Inc which is valued at $1,774,141. Blackrock Muni Intermediate Drtn Fnd Inc makes up approx 0.16% of Capital Investment Advisors’s portfolio.Creative Planning reduced its stake in MUI by selling 351 shares or 4.56% in the most recent quarter. The Hedge Fund company now holds 7,348 shares of MUI which is valued at $113,012.Benjamin F. Edwards Company reduced its stake in MUI by selling 2,642 shares or 19.29% in the most recent quarter. The Hedge Fund company now holds 11,054 shares of MUI which is valued at $170,011. Blackrock Muni Intermediate Drtn Fnd Inc makes up approx 0.03% of Benjamin F. Edwards Company’s portfolio.

Blackrock Muni Intermediate Drtn Fnd Inc opened for trading at $15.37 and hit $15.42 on the upside on Friday, eventually ending the session at $15.37, with a gain of 0.20% or 0.03 points. The heightened volatility saw the trading volume jump to 40,269 shares. Company has a market cap of $513 M.

BlackRock Muni Intermediate Duration Fund Inc. (MUI) is a closed-end management investment Fund. 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 at least 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). Under normal market conditions the Fund invests at least 75% of its assets in municipal bonds rated investment grade and invests at least 80% of its assets in municipal bonds with duration of three to ten years at the time of investment. The Fund invests in a range of sectors including transportation health state utilities county/city/special district/school district corporate education tobacco and housing. BlackRock Advisors LLC is the investment advisor of the Fund.

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