PNC Financial Services Group Inc. Has $2.56 Million Stock Position in BlackRock MuniAssets Fund, Inc. $MUA

PNC Financial Services Group Inc. grew its stake in BlackRock MuniAssets Fund, Inc. (NYSE:MUA) by 32.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 230,843 shares of the investment management company’s stock after purchasing an additional 57,181 shares during the period. PNC Financial Services Group Inc.’s holdings in BlackRock MuniAssets Fund were worth $2,562,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Bernard Wealth Management Corp. boosted its stake in BlackRock MuniAssets Fund by 82.8% in the 3rd quarter. Bernard Wealth Management Corp. now owns 5,300 shares of the investment management company’s stock valued at $59,000 after buying an additional 2,400 shares in the last quarter. Allworth Financial LP bought a new position in shares of BlackRock MuniAssets Fund during the second quarter valued at $65,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of 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 valued at $73,000 after acquiring an additional 4,761 shares during the period. Nomura Holdings Inc. acquired a new stake in shares of BlackRock MuniAssets Fund in the 2nd quarter valued at $104,000. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in shares of BlackRock MuniAssets Fund in the 3rd quarter valued at $150,000. Institutional investors own 20.38% of the company’s stock.

BlackRock MuniAssets Fund Trading Down 0.4%

Shares of BlackRock MuniAssets Fund stock opened at $11.07 on Friday. The company has a 50-day simple moving average of $10.92 and a 200 day simple moving average of $10.89. 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 firm 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. The ex-dividend date is Friday, March 13th. This represents a c) dividend on an annualized basis and a yield of 6.0%.

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.