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

Hennion & Walsh Asset Management Inc. boosted its position in BlackRock MuniAssets Fund, Inc. (NYSE:MUA) by 129.2% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 752,019 shares of the investment management company’s stock after purchasing an additional 423,899 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in BlackRock MuniAssets Fund were worth $8,347,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of MUA. Bernard Wealth Management Corp. purchased a new position in shares of BlackRock MuniAssets Fund during the second quarter worth approximately $30,000. ST Germain D J Co. Inc. bought a new position in shares of BlackRock MuniAssets Fund during the 2nd quarter valued at $31,000. Ameritas Advisory Services LLC purchased a new position in BlackRock MuniAssets Fund in the 2nd quarter worth $41,000. Allworth Financial LP purchased a new position in BlackRock MuniAssets Fund in the 2nd quarter worth $65,000. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in BlackRock MuniAssets Fund by 212.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 7,003 shares of the investment management company’s stock worth $73,000 after purchasing an additional 4,761 shares during the last quarter. 20.38% of the stock is currently owned by institutional investors.

BlackRock MuniAssets Fund Stock Performance

NYSE MUA opened at $10.68 on Tuesday. The company has a 50-day simple moving average of $10.75 and a two-hundred day simple moving average of $10.72. BlackRock MuniAssets Fund, Inc. has a 12-month low of $9.60 and a 12-month high of $11.79.

BlackRock MuniAssets Fund Dividend Announcement

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

BlackRock MuniAssets Fund Company Profile

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.