Wealth Alliance LLC Purchases New Stake in BlackRock MuniAssets Fund, Inc. $MUA

Wealth Alliance LLC acquired a new position in shares of BlackRock MuniAssets Fund, Inc. (NYSE:MUA) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 63,403 shares of the investment management company’s stock, valued at approximately $704,000.

Several other large investors also recently added to or reduced their stakes in MUA. Bernard Wealth Management Corp. raised its holdings in shares of BlackRock MuniAssets Fund by 82.8% during the 3rd quarter. Bernard Wealth Management Corp. now owns 5,300 shares of the investment management company’s stock worth $59,000 after acquiring an additional 2,400 shares during the period. Allworth Financial LP purchased a new position in BlackRock MuniAssets Fund during the second quarter worth about $65,000. Northwestern Mutual Wealth Management Co. boosted its holdings 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 valued at $73,000 after purchasing an additional 4,761 shares during the last quarter. Nomura Holdings Inc. purchased a new stake in shares of BlackRock MuniAssets Fund in the 2nd quarter valued at approximately $104,000. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in shares of BlackRock MuniAssets Fund during the 3rd quarter worth approximately $150,000. 20.38% of the stock is currently owned by hedge funds and other institutional investors.

BlackRock MuniAssets Fund Stock Down 0.4%

MUA stock opened at $11.07 on Friday. BlackRock MuniAssets Fund, Inc. has a one year low of $9.60 and a one year high of $11.79. The firm’s 50 day moving average price is $10.92 and its 200-day moving average price is $10.88.

BlackRock MuniAssets Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Friday, March 13th will be paid a $0.0555 dividend. This represents a c) annualized dividend and a dividend yield of 6.0%. The ex-dividend date of this dividend is Friday, March 13th.

BlackRock MuniAssets Fund 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.