Raymond James & Associates Trims Position in BlackRock MuniAssets Fund, Inc. (NYSE:MUA)

Raymond James & Associates lowered its position in BlackRock MuniAssets Fund, Inc. (NYSE:MUA) by 9.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 65,701 shares of the investment management company’s stock after selling 6,947 shares during the quarter. Raymond James & Associates owned about 0.17% of BlackRock MuniAssets Fund worth $696,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MUA. Advisor Resource Council purchased a new stake in shares of BlackRock MuniAssets Fund in the 4th quarter valued at approximately $261,000. AQR Arbitrage LLC purchased a new position in BlackRock MuniAssets Fund in the third quarter worth approximately $487,000. Mariner LLC grew its position in BlackRock MuniAssets Fund by 36.5% in the third quarter. Mariner LLC now owns 431,045 shares of the investment management company’s stock worth $3,879,000 after acquiring an additional 115,272 shares during the period. Wolverine Asset Management LLC acquired a new stake in BlackRock MuniAssets Fund during the third quarter worth $52,000. Finally, PNC Financial Services Group Inc. raised its position in BlackRock MuniAssets Fund by 5.4% in the third quarter. PNC Financial Services Group Inc. now owns 115,282 shares of the investment management company’s stock valued at $1,038,000 after purchasing an additional 5,924 shares during the period. 20.38% of the stock is currently owned by institutional investors and hedge funds.

BlackRock MuniAssets Fund Stock Up 0.5 %

Shares of BlackRock MuniAssets Fund stock opened at $11.05 on Wednesday. The business’s fifty day simple moving average is $11.09 and its 200-day simple moving average is $10.47. BlackRock MuniAssets Fund, Inc. has a 52 week low of $8.61 and a 52 week high of $11.43.

BlackRock MuniAssets Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Monday, April 15th will be paid a dividend of $0.0555 per share. This represents a $0.67 annualized dividend and a yield of 6.03%. The ex-dividend date is Friday, April 12th.

BlackRock MuniAssets Fund 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.