BlackRock MuniAssets Fund, Inc. $MUA Shares Purchased by Van ECK Associates Corp

Van ECK Associates Corp boosted its holdings in BlackRock MuniAssets Fund, Inc. (NYSE:MUA) by 27.0% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 428,231 shares of the investment management company’s stock after purchasing an additional 90,992 shares during the quarter. Van ECK Associates Corp’s holdings in BlackRock MuniAssets Fund were worth $4,715,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Kestra Advisory Services LLC purchased a new stake in BlackRock MuniAssets Fund during the 4th quarter worth about $50,000. Hollencrest Capital Management purchased a new position in shares of BlackRock MuniAssets Fund in the 1st quarter valued at about $52,000. Advisory Services Network LLC purchased a new position in shares of BlackRock MuniAssets Fund in the 3rd quarter valued at about $75,000. Northwestern Mutual Wealth Management Co. raised its position in shares of BlackRock MuniAssets Fund by 212.4% during 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. Finally, Fifth Third Bancorp acquired a new stake in shares of BlackRock MuniAssets Fund during the 1st quarter worth about $95,000. 20.38% of the stock is currently owned by institutional investors and hedge funds.

BlackRock MuniAssets Fund Stock Performance

MUA stock opened at $9.93 on Thursday. The business has a 50 day moving average price of $10.43 and a 200 day moving average price of $10.62. BlackRock MuniAssets Fund, Inc. has a fifty-two week low of $9.85 and a fifty-two week high of $11.79.

BlackRock MuniAssets Fund Announces Dividend

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. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a c) dividend on an annualized basis and a yield of 6.7%.

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.