PNC Financial Services Group Inc. Purchases 33,939 Shares of BlackRock MuniAssets Fund, Inc. $MUA

PNC Financial Services Group Inc. lifted its position in shares of BlackRock MuniAssets Fund, Inc. (NYSE:MUA) by 24.3% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 173,662 shares of the investment management company’s stock after acquiring an additional 33,939 shares during the quarter. PNC Financial Services Group Inc.’s holdings in BlackRock MuniAssets Fund were worth $1,806,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of MUA. Polar Asset Management Partners Inc. acquired a new position in BlackRock MuniAssets Fund in the first quarter valued at about $5,928,000. Envestnet Asset Management Inc. boosted its position in shares of BlackRock MuniAssets Fund by 590.7% during the second quarter. Envestnet Asset Management Inc. now owns 184,633 shares of the investment management company’s stock worth $1,920,000 after buying an additional 157,903 shares during the period. Park Avenue Securities LLC bought a new position in shares of BlackRock MuniAssets Fund during the 2nd quarter worth approximately $1,444,000. Readystate Asset Management LP grew its position in BlackRock MuniAssets Fund by 287.2% in the first quarter. Readystate Asset Management LP now owns 78,665 shares of the investment management company’s stock valued at $852,000 after purchasing an additional 58,350 shares in the last quarter. Finally, Wolverine Asset Management LLC grew its holdings in shares of BlackRock MuniAssets Fund by 758.0% in the 1st quarter. Wolverine Asset Management LLC now owns 46,407 shares of the investment management company’s stock valued at $503,000 after acquiring an additional 40,998 shares in the last quarter. 20.38% of the stock is currently owned by institutional investors and hedge funds.

BlackRock MuniAssets Fund Trading Down 0.8%

MUA opened at $10.57 on Thursday. The business’s 50-day simple moving average is $11.02 and its 200 day simple moving average is $10.62. BlackRock MuniAssets Fund, Inc. has a 52-week low of $9.60 and a 52-week high of $12.34.

BlackRock MuniAssets Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, December 1st. Stockholders of record on Friday, November 14th will be paid a dividend of $0.0555 per share. The ex-dividend date is Friday, November 14th. This represents a c) dividend on an annualized basis and a dividend yield of 6.3%.

BlackRock MuniAssets Fund Profile

BlackRock MuniAssets Fund, Inc is a closed ended fixed income mutual fund launched by BlackRock, Inc It is managed by BlackRock Advisors, LLC. The fund invests in fixed income markets. It seeks to provide current income exempt from federal income taxes by investing primarily in a portfolio of medium-to-lower grade or unrated municipal obligations the interest on which is exempt from federal income taxes.