BlackRock Muni New York Intr. Dur. Fnd. (NYSE:MNE) Stock Price Passes Above 50 Day Moving Average of $14.68

BlackRock Muni New York Intr. Dur. Fnd. (NYSE:MNE) shares crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $14.68 and traded as high as $14.61. BlackRock Muni New York Intr. Dur. Fnd. shares last traded at $14.59, with a volume of 3,495 shares.

The firm has a 50 day moving average price of $14.67 and a 200-day moving average price of $14.16.

The business also recently declared a monthly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Monday, September 16th will be paid a dividend of $0.04 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $0.48 annualized dividend and a dividend yield of 3.29%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in MNE. Thomas J. Herzfeld Advisors Inc. boosted its stake in shares of BlackRock Muni New York Intr. Dur. Fnd. by 3,750.0% during the 1st quarter. Thomas J. Herzfeld Advisors Inc. now owns 3,850 shares of the investment management company’s stock worth $52,000 after acquiring an additional 3,750 shares in the last quarter. Wells Fargo & Company MN boosted its stake in shares of BlackRock Muni New York Intr. Dur. Fnd. by 331.7% during the 2nd quarter. Wells Fargo & Company MN now owns 47,616 shares of the investment management company’s stock worth $682,000 after acquiring an additional 36,587 shares in the last quarter. Rivernorth Capital Management LLC boosted its stake in shares of 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 worth $1,246,000 after acquiring an additional 28,958 shares in the last quarter. Icon Advisers Inc. Co. bought a new stake in shares of BlackRock Muni New York Intr. Dur. Fnd. during the 2nd quarter worth about $1,421,000. Finally, Bank of America Corp DE boosted its stake in shares of 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 worth $1,536,000 after acquiring an additional 26,414 shares in the last quarter.

BlackRock Muni New York Intr. Dur. Fnd. Company Profile (NYSE:MNE)

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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