BlackRock MuniAssets Fund, Inc. (NYSE:MUA – Get Free Report) announced a monthly dividend on Friday, December 12th. Shareholders 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 yield of 6.2%. The ex-dividend date is Monday, December 22nd.
BlackRock MuniAssets Fund Price Performance
Shares of BlackRock MuniAssets Fund stock traded down $0.03 during trading hours on Friday, reaching $10.77. The company had a trading volume of 174,984 shares, compared to its average volume of 124,417. BlackRock MuniAssets Fund has a one year low of $9.60 and a one year high of $11.79. The business has a fifty day simple moving average of $10.79 and a 200 day simple moving average of $10.68.
Institutional Investors Weigh In On BlackRock MuniAssets Fund
A number of institutional investors and hedge funds have recently modified their holdings of the company. Bernard Wealth Management Corp. purchased a new position in BlackRock MuniAssets Fund during the second quarter valued at approximately $30,000. ST Germain D J Co. Inc. bought a new position in shares of BlackRock MuniAssets Fund in the second quarter worth $31,000. Ameritas Advisory Services LLC purchased a new stake in shares of BlackRock MuniAssets Fund in the second quarter worth $41,000. Allworth Financial LP bought a new stake in BlackRock MuniAssets Fund during the second quarter valued at $65,000. Finally, Northwestern Mutual Wealth Management Co. grew its position in BlackRock MuniAssets Fund by 212.4% during the second 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. 20.38% of the stock is owned by hedge funds and other institutional investors.
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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