Advisors Asset Management Inc. Has $625,000 Position in BlackRock MuniAssets Fund, Inc. (NYSE:MUA)

Advisors Asset Management Inc. cut its stake in BlackRock MuniAssets Fund, Inc. (NYSE:MUA) by 64.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 50,436 shares of the investment management company’s stock after selling 90,575 shares during the quarter. Advisors Asset Management Inc.’s holdings in BlackRock MuniAssets Fund were worth $625,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Sanctuary Advisors LLC bought a new position in shares of BlackRock MuniAssets Fund in the second quarter valued at about $171,000. Creative Planning bought a new position in BlackRock MuniAssets Fund during the third quarter worth about $128,000. Pathway Financial Advisers LLC increased its position in BlackRock MuniAssets Fund by 1,152.5% during the third quarter. Pathway Financial Advisers LLC now owns 60,371 shares of the investment management company’s stock worth $749,000 after acquiring an additional 55,551 shares during the period. PFG Investments LLC bought a new position in BlackRock MuniAssets Fund during the second quarter worth about $157,000. Finally, Financial Counselors Inc. bought a new position in BlackRock MuniAssets Fund during the second quarter worth about $152,000. 20.38% of the stock is owned by institutional investors.

BlackRock MuniAssets Fund Stock Up 1.0 %

NYSE:MUA opened at $12.06 on Thursday. BlackRock MuniAssets Fund, Inc. has a 52 week low of $9.83 and a 52 week high of $12.69. The firm’s 50-day simple moving average is $12.18 and its 200 day simple moving average is $11.78.

BlackRock MuniAssets Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be given a dividend of $0.0555 per share. This represents a $0.67 dividend on an annualized basis and a yield of 5.52%. The ex-dividend date of this dividend is Friday, November 15th.

BlackRock MuniAssets Fund Company 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.