Hennion & Walsh Asset Management Inc. Acquires 423,899 Shares of BlackRock MuniAssets Fund, Inc. $MUA

Hennion & Walsh Asset Management Inc. raised its holdings in shares of BlackRock MuniAssets Fund, Inc. (NYSE:MUA) by 129.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 752,019 shares of the investment management company’s stock after buying an additional 423,899 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in BlackRock MuniAssets Fund were worth $8,347,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of MUA. Bernard Wealth Management Corp. bought a new stake in shares of BlackRock MuniAssets Fund during the 2nd quarter valued at about $30,000. ST Germain D J Co. Inc. purchased a new stake in BlackRock MuniAssets Fund in the second quarter valued at approximately $31,000. Ameritas Advisory Services LLC purchased a new stake in BlackRock MuniAssets Fund in the second quarter valued at approximately $41,000. Allworth Financial LP bought a new stake in BlackRock MuniAssets Fund during the second quarter valued at approximately $65,000. Finally, Northwestern Mutual Wealth Management Co. grew its stake in 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 buying an additional 4,761 shares in the last quarter. Hedge funds and other institutional investors own 20.38% of the company’s stock.

BlackRock MuniAssets Fund Stock Performance

BlackRock MuniAssets Fund stock opened at $10.68 on Tuesday. The firm’s fifty day moving average price is $10.75 and its 200-day moving average price is $10.72. BlackRock MuniAssets Fund, Inc. has a fifty-two week low of $9.60 and a fifty-two week high of $11.79.

BlackRock MuniAssets Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Friday, March 13th will be given a dividend of $0.0555 per share. The ex-dividend date is Friday, March 13th. This represents a c) dividend on an annualized basis and a yield of 6.2%.

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.