BlackRock Muni New York Intr. Dur. Fnd. (NYSE:MNE) major shareholder Saba Capital Management, L.P. purchased 16,270 shares of BlackRock Muni New York Intr. Dur. Fnd. stock in a transaction that occurred on Thursday, December 12th. The stock was purchased at an average cost of $14.27 per share, for a total transaction of $232,172.90. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

BlackRock Muni New York Intr. Dur. Fnd. stock traded up $0.06 on Friday, hitting $14.27. 6,382 shares of the stock traded hands, compared to its average volume of 7,442. The business’s fifty day simple moving average is $14.33 and its 200 day simple moving average is $14.51. BlackRock Muni New York Intr. Dur. Fnd. has a 1 year low of $12.16 and a 1 year high of $14.90.

The firm also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be issued a dividend of $0.036 per share. This represents a $0.43 dividend on an annualized basis and a dividend yield of 3.03%. The ex-dividend date is Friday, December 13th.

Large investors have recently added to or reduced their stakes in the company. Wells Fargo & Company MN grew its position in shares of BlackRock Muni New York Intr. Dur. Fnd. by 331.7% in the 2nd quarter. Wells Fargo & Company MN now owns 47,616 shares of the investment management company’s stock worth $682,000 after buying an additional 36,587 shares during the period. Rivernorth Capital Management LLC lifted its position in BlackRock Muni New York Intr. Dur. Fnd. by 49.9% during the 2nd quarter. Rivernorth Capital Management LLC now owns 87,042 shares of the investment management company’s stock valued at $1,246,000 after acquiring an additional 28,958 shares during the period. Icon Advisers Inc. Co. purchased a new position in BlackRock Muni New York Intr. Dur. Fnd. during the 2nd quarter valued at about $1,421,000. Finally, Bank of America Corp DE lifted its position in BlackRock Muni New York Intr. Dur. Fnd. by 32.7% during the 2nd quarter. Bank of America Corp DE now owns 107,286 shares of the investment management company’s stock valued at $1,536,000 after acquiring an additional 26,414 shares during the period.

BlackRock Muni New York Intr. Dur. Fnd. Company Profile

BlackRock Muni New York Intermediate Duration Fund, Inc is a close ended fixed income mutual fund launched by BlackRock, Inc The fund is managed by BlackRock Advisors, LLC. It invests in the fixed income markets of United States. The fund primarily investment grade municipal bonds exempt from federal income taxes and New York State and New York City personal income taxes and with a duration of three to ten years at the time of investment.

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