BlackRock MuniAssets Fund, Inc. (NYSE:MUA – Get Free Report) announced a monthly dividend on Friday, February 27th. Stockholders of record on Monday, June 15th will be given a dividend of 0.0555 per share by the investment management company on Wednesday, July 1st. This represents a c) annualized dividend and a dividend yield of 6.2%. The ex-dividend date of this dividend is Monday, June 15th.
BlackRock MuniAssets Fund Stock Performance
Shares of MUA stock opened at $10.74 on Friday. The firm’s 50 day moving average is $10.66 and its 200 day moving average is $10.78. BlackRock MuniAssets Fund has a 12 month low of $10.02 and a 12 month high of $11.79.
Institutional Investors Weigh In On BlackRock MuniAssets Fund
Institutional investors have recently made changes to their positions in the stock. Bank of America Corp DE boosted its holdings in shares of BlackRock MuniAssets Fund by 18.3% in the third quarter. Bank of America Corp DE now owns 1,490,043 shares of the investment management company’s stock worth $16,539,000 after acquiring an additional 230,972 shares during the period. Keybank National Association OH raised its stake in shares of BlackRock MuniAssets Fund by 0.8% during the 4th quarter. Keybank National Association OH now owns 1,050,678 shares of the investment management company’s stock valued at $11,253,000 after purchasing an additional 8,688 shares during the period. Hennion & Walsh Asset Management Inc. lifted its holdings in BlackRock MuniAssets Fund by 29.9% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 976,962 shares of the investment management company’s stock worth $10,463,000 after purchasing an additional 224,943 shares in the last quarter. Commonwealth Equity Services LLC boosted its stake in BlackRock MuniAssets Fund by 4.8% in the 4th quarter. Commonwealth Equity Services LLC now owns 504,492 shares of the investment management company’s stock worth $5,403,000 after purchasing an additional 23,151 shares during the period. Finally, Advisors Asset Management Inc. boosted its stake in BlackRock MuniAssets Fund by 77.8% in the 4th quarter. Advisors Asset Management Inc. now owns 384,686 shares of the investment management company’s stock worth $4,120,000 after purchasing an additional 168,356 shares during the period. Hedge funds and other institutional investors own 20.38% of the company’s stock.
BlackRock MuniAssets Fund Company Profile
BlackRock MuniAssets Fund, Inc (NYSE: MUA) is a closed-end management investment company that seeks to provide current income exempt from federal income tax. Managed by BlackRock, one of the world’s leading investment managers, the fund primarily invests in a diversified portfolio of investment-grade municipal debt obligations. Its holdings typically include general obligation and revenue bonds issued by state and local governments, utilities, and infrastructure entities across the United States.
The fund employs a combination of active security selection and duration management to navigate changing interest rate and credit environments.
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