The Insider Buying: BlackRock Muni New York Intr. Dur. Fnd. (MNE) Major Shareholder Acquires 1,430 Shares of Shares

The Insider Buying: BlackRock Muni New York Intr. Dur. Fnd. (MNE) Major Shareholder Acquires 1,430 Shares of Shares

BlackRock Muni New York Intr. Dur. Fnd. (NYSE:MNE) major shareholder Saba Capital Management, L.P. purchased 1,430 shares of the firm’s stock in a transaction on Tuesday, April 23rd. The shares were acquired at an average cost of $13.75 per share, with a total value of $19,662.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Saba Capital Management, L.P. also recently made the following trade(s):

On Tuesday, March 26th, Saba Capital Management, L.P. purchased 3,432 shares of BlackRock Muni New York Intr. Dur. Fnd. stock. The shares were acquired at an average cost of $13.27 per share, with a total value of $45,542.64.

On Friday, March 22nd, Saba Capital Management, L.P. purchased 20,738 shares of BlackRock Muni New York Intr. Dur. Fnd. stock. The shares were acquired at an average cost of $13.55 per share, with a total value of $280,999.90.

On Wednesday, March 20th, Saba Capital Management, L.P. purchased 577 shares of BlackRock Muni New York Intr. Dur. Fnd. stock. The shares were acquired at an average cost of $13.21 per share, with a total value of $7,622.17.

On Friday, March 15th, Saba Capital Management, L.P. purchased 11,397 shares of BlackRock Muni New York Intr. Dur. Fnd. stock. The shares were acquired at an average cost of $13.39 per share, with a total value of $152,605.83.

Shares of NYSE MNE opened at $13.67 on Friday. BlackRock Muni New York Intr. Dur. Fnd. has a 1 year low of $12.01 and a 1 year high of $13.91.

The firm also recently declared a monthly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Monday, April 15th will be issued a dividend of $0.04 per share. This represents a $0.48 dividend on an annualized basis and a yield of 3.51%. The ex-dividend date of this dividend is Friday, April 12th.

An institutional investor recently raised its position in BlackRock Muni New York Intr. Dur. Fnd. stock. Citigroup Inc. grew its holdings in shares of BlackRock Muni New York Intr. Dur. Fnd. (NYSE:MNE) by 153.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,800 shares of the investment management company’s stock after buying an additional 12,000 shares during the period. Citigroup Inc.’s holdings in BlackRock Muni New York Intr. Dur. Fnd. were worth $246,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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.

Read More: What is a growth and income fund?

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