BlackRock MuniAssets Fund, Inc. (NYSE:MUA – Get Free Report) declared a monthly dividend on Thursday, September 10th. Shareholders of record on Friday, December 11th will be given a dividend of 0.0555 per share by the investment management company on Tuesday, December 22nd. This represents a c) annualized dividend and a yield of 6.8%. The ex-dividend date is Friday, December 11th.
BlackRock MuniAssets Fund Stock Down 0.1%
Shares of MUA opened at $9.77 on Friday. The firm’s 50 day moving average is $10.28 and its 200-day moving average is $10.56. BlackRock MuniAssets Fund has a 12-month low of $9.71 and a 12-month high of $11.79.
Hedge Funds Weigh In On BlackRock MuniAssets Fund
Hedge funds have recently added to or reduced their stakes in the company. Kestra Advisory Services LLC bought a new position in shares of BlackRock MuniAssets Fund in the 4th quarter valued at approximately $50,000. Hollencrest Capital Management acquired a new position in BlackRock MuniAssets Fund in the 1st quarter valued at $52,000. Advisory Services Network LLC bought a new position in BlackRock MuniAssets Fund in the 3rd quarter worth $75,000. Northwestern Mutual Wealth Management Co. raised its holdings in BlackRock MuniAssets Fund by 212.4% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 7,003 shares of the investment management company’s stock worth $73,000 after acquiring an additional 4,761 shares during the period. Finally, Fifth Third Bancorp bought a new position in BlackRock MuniAssets Fund in the 1st quarter worth approximately $95,000. Institutional investors and hedge funds own 20.38% of the company’s stock.
About BlackRock MuniAssets Fund
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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