BlackRock MuniAssets Fund, Inc. (NYSE:MUA – Get Free Report) declared a monthly dividend on Friday, December 12th. Stockholders of record on Monday, December 22nd will be paid a dividend of 0.0555 per share by the investment management company on Wednesday, December 31st. This represents a c) dividend on an annualized basis and a dividend yield of 6.2%. The ex-dividend date is Monday, December 22nd.
BlackRock MuniAssets Fund Stock Performance
Shares of MUA traded down $0.03 on Friday, reaching $10.77. 174,984 shares of the company’s stock traded hands, compared to its average volume of 124,417. The stock’s 50 day simple moving average is $10.79 and its two-hundred day simple moving average is $10.68. BlackRock MuniAssets Fund has a 52-week low of $9.60 and a 52-week high of $11.79.
Hedge Funds Weigh In On BlackRock MuniAssets Fund
Several institutional investors have recently added to or reduced their stakes in MUA. Bank of America Corp DE boosted its stake in 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 valued at $16,539,000 after acquiring an additional 230,972 shares during the last quarter. Keybank National Association OH lifted its stake in BlackRock MuniAssets Fund by 4.4% in the third quarter. Keybank National Association OH now owns 1,041,990 shares of the investment management company’s stock valued at $11,566,000 after purchasing an additional 44,378 shares during the last quarter. Hennion & Walsh Asset Management Inc. grew its holdings in BlackRock MuniAssets Fund by 129.2% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 752,019 shares of the investment management company’s stock valued at $8,347,000 after purchasing an additional 423,899 shares during the period. Polar Asset Management Partners Inc. purchased a new stake in BlackRock MuniAssets Fund in the first quarter worth $5,928,000. Finally, Commonwealth Equity Services LLC raised its stake in shares of BlackRock MuniAssets Fund by 14.5% in the third quarter. Commonwealth Equity Services LLC now owns 481,341 shares of the investment management company’s stock valued at $5,343,000 after buying an additional 60,978 shares during the period. Institutional investors 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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