BlackRock MuniAssets Fund (NYSE:MUA) Share Price Passes Below 200 Day Moving Average – Here’s What Happened

BlackRock MuniAssets Fund, Inc. (NYSE:MUA – Get Free Report) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $10.78 and traded as low as $10.62. BlackRock MuniAssets Fund shares last traded at $10.6390, with a volume of 96,504 shares changing hands.

BlackRock MuniAssets Fund Stock Performance

The business has a fifty day simple moving average of $10.65 and a two-hundred day simple moving average of $10.78.

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BlackRock MuniAssets Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be issued a dividend of $0.0555 per share. This represents a c) dividend on an annualized basis and a yield of 6.2%. The ex-dividend date of this dividend is Tuesday, September 15th.

Institutional Investors Weigh In On BlackRock MuniAssets Fund

Institutional investors have recently added to or reduced their stakes in the stock. Kestra Advisory Services LLC acquired a new stake in BlackRock MuniAssets Fund during the fourth quarter valued at approximately $50,000. Hollencrest Capital Management acquired a new position in shares of BlackRock MuniAssets Fund in the 1st quarter worth approximately $52,000. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of 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 in the last quarter. Advisory Services Network LLC acquired a new position in shares of BlackRock MuniAssets Fund in the 3rd quarter worth approximately $75,000. Finally, Fifth Third Bancorp acquired a new position in shares of BlackRock MuniAssets Fund in the 1st quarter worth approximately $95,000. 20.38% of the stock is owned by institutional investors and hedge funds.

BlackRock MuniAssets Fund Company Profile

(Get Free Report)

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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