Welch & Forbes LLC reduced its holdings in shares of Blackrock Muni Intermediate Drtn Fnd Inc (NYSE:MUI) by 28.8% during the third quarter, Holdings Channel reports. The fund owned 127,150 shares of the company’s stock after selling 51,345 shares during the period. Welch & Forbes LLC’s holdings in Blackrock Muni Intermediate Drtn Fnd were worth $1,663,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of MUI. We Are One Seven LLC bought a new position in Blackrock Muni Intermediate Drtn Fnd during the third quarter valued at approximately $134,000. Stephens Inc. AR bought a new position in Blackrock Muni Intermediate Drtn Fnd during the second quarter valued at approximately $279,000. PNC Financial Services Group Inc. grew its position in Blackrock Muni Intermediate Drtn Fnd by 312.5% during the second quarter. PNC Financial Services Group Inc. now owns 36,300 shares of the company’s stock valued at $480,000 after acquiring an additional 27,500 shares during the last quarter. E&G Advisors LP grew its position in Blackrock Muni Intermediate Drtn Fnd by 38.7% during the third quarter. E&G Advisors LP now owns 43,000 shares of the company’s stock valued at $562,000 after acquiring an additional 12,000 shares during the last quarter. Finally, Royal Bank of Canada grew its position in Blackrock Muni Intermediate Drtn Fnd by 118.1% during the first quarter. Royal Bank of Canada now owns 98,988 shares of the company’s stock valued at $1,297,000 after acquiring an additional 53,600 shares during the last quarter.

Shares of NYSE MUI opened at $12.59 on Friday. Blackrock Muni Intermediate Drtn Fnd Inc has a one year low of $12.30 and a one year high of $14.37.

The firm also recently declared a monthly dividend, which will be paid on Thursday, November 1st. Shareholders of record on Monday, October 15th will be given a dividend of $0.045 per share. This represents a $0.54 dividend on an annualized basis and a yield of 4.29%. The ex-dividend date is Friday, October 12th.

About Blackrock Muni Intermediate Drtn Fnd

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).

See Also: Book Value Per Share in Stock Trading

Want to see what other hedge funds are holding MUI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Blackrock Muni Intermediate Drtn Fnd Inc (NYSE:MUI).

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

Receive News & Ratings for Blackrock Muni Intermediate Drtn Fnd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Blackrock Muni Intermediate Drtn Fnd and related companies with MarketBeat.com's FREE daily email newsletter.