BlackRock MuniAssets Fund, Inc. (NYSE:MUA – Get Free Report) declared a monthly dividend on Friday, June 5th. Stockholders of record on Friday, August 14th will be paid a dividend of 0.0555 per share by the investment management company on Tuesday, September 1st. This represents a c) annualized dividend and a dividend yield of 6.5%. The ex-dividend date is Friday, August 14th.
BlackRock MuniAssets Fund Stock Performance
Shares of MUA opened at $10.18 on Wednesday. BlackRock MuniAssets Fund has a 52 week low of $10.05 and a 52 week high of $11.79. The stock’s 50-day moving average price is $10.64 and its 200-day moving average price is $10.74.
Institutional Investors Weigh In On BlackRock MuniAssets Fund
Hedge funds have recently bought and sold shares of the stock. Kestra Advisory Services LLC purchased a new position in shares of BlackRock MuniAssets Fund during the 4th quarter valued at approximately $50,000. Hollencrest Capital Management acquired a new stake in BlackRock MuniAssets Fund during the first quarter valued at $52,000. Advisory Services Network LLC acquired a new stake in BlackRock MuniAssets Fund during the third quarter valued at $75,000. Northwestern Mutual Wealth Management Co. increased its holdings 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 valued at $73,000 after buying an additional 4,761 shares in the last quarter. Finally, Fifth Third Bancorp purchased a new position in BlackRock MuniAssets Fund in the first quarter valued at $95,000. Hedge funds and other institutional investors own 20.38% of the company’s stock.
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.
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