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

BlackRock MuniAssets Fund, Inc. (NYSE:MUA)’s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $10.80 and traded as low as $10.47. BlackRock MuniAssets Fund shares last traded at $10.5750, with a volume of 85,924 shares changing hands.

BlackRock MuniAssets Fund Trading Up 0.1%

The business has a fifty day moving average of $10.63 and a 200-day moving average of $10.79.

BlackRock MuniAssets Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 15th will be issued a dividend of $0.0555 per share. This represents a c) dividend on an annualized basis and a yield of 6.3%. The ex-dividend date is Monday, June 15th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Hennion & Walsh Asset Management Inc. grew its holdings in shares of BlackRock MuniAssets Fund by 29.9% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 976,962 shares of the investment management company’s stock worth $10,463,000 after acquiring an additional 224,943 shares during the period. Advisors Asset Management Inc. grew its holdings in shares of BlackRock MuniAssets Fund by 105.0% during the 3rd quarter. Advisors Asset Management Inc. now owns 216,330 shares of the investment management company’s stock worth $2,401,000 after acquiring an additional 110,795 shares during the period. PNC Financial Services Group Inc. grew its holdings in shares of BlackRock MuniAssets Fund by 32.9% during the 3rd quarter. PNC Financial Services Group Inc. now owns 230,843 shares of the investment management company’s stock worth $2,562,000 after acquiring an additional 57,181 shares during the period. Wealth Alliance LLC purchased a new position in shares of BlackRock MuniAssets Fund during the 3rd quarter worth approximately $704,000. Finally, Oarsman Capital Inc. grew its holdings in shares of BlackRock MuniAssets Fund by 29.9% during the 3rd quarter. Oarsman Capital Inc. now owns 89,475 shares of the investment management company’s stock worth $993,000 after acquiring an additional 20,601 shares during the period. Hedge funds and other 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.