BlackRock MuniAssets Fund (NYSE:MUA) Share Price Crosses Below 200 Day Moving Average – Should You Sell?

BlackRock MuniAssets Fund, Inc. (NYSE:MUA) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $10.80 and traded as low as $10.44. BlackRock MuniAssets Fund shares last traded at $10.4950, with a volume of 266,706 shares trading hands.

BlackRock MuniAssets Fund Price Performance

The stock’s 50 day simple moving average is $10.74 and its 200-day simple moving average is $10.80.

BlackRock MuniAssets Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th will be issued a dividend of $0.0555 per share. The ex-dividend date is Tuesday, September 15th. This represents a c) dividend on an annualized basis and a dividend yield of 6.5%.

Institutional Investors Weigh In On BlackRock MuniAssets Fund

A number of large investors have recently bought and sold shares of the business. Royal Bank of Canada increased its position in BlackRock MuniAssets Fund by 21.6% during the first quarter. Royal Bank of Canada now owns 102,310 shares of the investment management company’s stock worth $1,108,000 after buying an additional 18,157 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of 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 buying an additional 4,761 shares during the last quarter. NewEdge Advisors LLC boosted its stake in shares of BlackRock MuniAssets Fund by 2.5% during the 2nd quarter. NewEdge Advisors LLC now owns 50,328 shares of the investment management company’s stock worth $523,000 after acquiring an additional 1,217 shares in the last quarter. Jane Street Group LLC bought a new stake in shares of BlackRock MuniAssets Fund during the 2nd quarter worth about $193,000. Finally, Bank of America Corp DE increased its holdings in shares of BlackRock MuniAssets Fund by 1.6% during the 2nd quarter. Bank of America Corp DE now owns 1,259,071 shares of the investment management company’s stock valued at $13,094,000 after acquiring an additional 20,381 shares during the last quarter. 20.38% of the stock is currently owned by institutional investors.

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.