Baird Financial Group Inc. Decreases Position in BlackRock MuniAssets Fund, Inc. (NYSE:MUA)

Baird Financial Group Inc. cut its position in BlackRock MuniAssets Fund, Inc. (NYSE:MUAGet Rating) by 4.7% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 74,438 shares of the investment management company’s stock after selling 3,691 shares during the quarter. Baird Financial Group Inc.’s holdings in BlackRock MuniAssets Fund were worth $907,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Walker Asset Management LLC raised its holdings in BlackRock MuniAssets Fund by 6,100.0% in the second quarter. Walker Asset Management LLC now owns 1,013,824 shares of the investment management company’s stock worth $12,002,000 after buying an additional 997,472 shares during the last quarter. Bank of America Corp DE grew its stake in shares of BlackRock MuniAssets Fund by 17.4% in the first quarter. Bank of America Corp DE now owns 536,571 shares of the investment management company’s stock worth $6,868,000 after acquiring an additional 79,373 shares during the period. Guggenheim Capital LLC grew its stake in shares of BlackRock MuniAssets Fund by 81.7% in the first quarter. Guggenheim Capital LLC now owns 237,967 shares of the investment management company’s stock worth $3,046,000 after acquiring an additional 107,035 shares during the period. Van ECK Associates Corp grew its stake in shares of BlackRock MuniAssets Fund by 18.3% in the first quarter. Van ECK Associates Corp now owns 161,387 shares of the investment management company’s stock worth $2,066,000 after acquiring an additional 24,942 shares during the period. Finally, Oarsman Capital Inc. grew its stake in shares of BlackRock MuniAssets Fund by 21.8% in the first quarter. Oarsman Capital Inc. now owns 86,815 shares of the investment management company’s stock worth $1,111,000 after acquiring an additional 15,550 shares during the period. 11.23% of the stock is owned by hedge funds and other institutional investors.

BlackRock MuniAssets Fund Trading Up 1.7 %

Shares of MUA stock opened at $10.28 on Friday. The company has a 50 day moving average price of $10.20 and a 200-day moving average price of $11.42. BlackRock MuniAssets Fund, Inc. has a 52 week low of $9.47 and a 52 week high of $16.50.

BlackRock MuniAssets Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Tuesday, November 15th will be paid a $0.0455 dividend. The ex-dividend date is Monday, November 14th. This represents a $0.55 dividend on an annualized basis and a dividend yield of 5.31%.

About BlackRock MuniAssets Fund

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BlackRock MuniAssets Fund, Inc is a closed ended fixed income mutual fund launched by BlackRock, Inc It is managed by BlackRock Advisors, LLC. The fund invests in fixed income markets. It seeks to provide current income exempt from federal income taxes by investing primarily in a portfolio of medium-to-lower grade or unrated municipal obligations the interest on which is exempt from federal income taxes.

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Institutional Ownership by Quarter for BlackRock MuniAssets Fund (NYSE:MUA)

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