Rockefeller Capital Management L.P. Cuts Position in BlackRock MuniAssets Fund, Inc. $MUA

Rockefeller Capital Management L.P. decreased its stake in BlackRock MuniAssets Fund, Inc. (NYSE:MUA) by 36.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 56,608 shares of the investment management company’s stock after selling 32,444 shares during the period. Rockefeller Capital Management L.P.’s holdings in BlackRock MuniAssets Fund were worth $589,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Bernard Wealth Management Corp. acquired a new stake in shares of BlackRock MuniAssets Fund during the 2nd quarter valued at approximately $30,000. ST Germain D J Co. Inc. purchased a new position in BlackRock MuniAssets Fund in the 2nd quarter valued at approximately $31,000. Ameritas Advisory Services LLC acquired a new position in BlackRock MuniAssets Fund during the second quarter worth $41,000. Allworth Financial LP acquired a new position in BlackRock MuniAssets Fund during the second quarter worth $65,000. Finally, Stratos Wealth Partners LTD. boosted its position in BlackRock MuniAssets Fund by 28.2% during the second quarter. Stratos Wealth Partners LTD. now owns 18,200 shares of the investment management company’s stock worth $189,000 after purchasing an additional 4,000 shares in the last quarter. 20.38% of the stock is currently owned by institutional investors and hedge funds.

BlackRock MuniAssets Fund Stock Performance

Shares of MUA stock opened at $10.63 on Friday. BlackRock MuniAssets Fund, Inc. has a fifty-two week low of $9.60 and a fifty-two week high of $12.34. The business has a fifty day simple moving average of $10.89 and a 200-day simple moving average of $10.62.

BlackRock MuniAssets Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, December 1st. Shareholders of record on Friday, November 14th will be issued a dividend of $0.0555 per share. This represents a c) annualized dividend and a yield of 6.3%. The ex-dividend date is Friday, November 14th.

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.