BlackRock MuniAssets Fund (NYSE:MUA) Share Price Crosses Below Two Hundred Day Moving Average of $10.68

BlackRock MuniAssets Fund, Inc. (NYSE:MUA – Get Rating) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $10.68 and traded as low as $10.48. BlackRock MuniAssets Fund shares last traded at $10.51, with a volume of 47,784 shares changing hands.

BlackRock MuniAssets Fund Stock Performance

The business has a 50-day simple moving average of $10.95 and a two-hundred day simple moving average of $10.68.

BlackRock MuniAssets Fund Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, April 3rd. Stockholders of record on Wednesday, March 15th will be issued a $0.0405 dividend. The ex-dividend date of this dividend is Tuesday, March 14th. This represents a $0.49 annualized dividend and a dividend yield of 4.62%.

Institutional Trading of BlackRock MuniAssets Fund

Several hedge funds have recently modified their holdings of the business. US Bancorp DE increased its stake in BlackRock MuniAssets Fund by 69.3% in the 1st quarter. US Bancorp DE now owns 5,250 shares of the investment management company’s stock valued at $68,000 after purchasing an additional 2,149 shares in the last quarter. HighTower Advisors LLC increased its stake in BlackRock MuniAssets Fund by 16.5% in the 1st quarter. HighTower Advisors LLC now owns 21,201 shares of the investment management company’s stock valued at $273,000 after purchasing an additional 3,000 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in BlackRock MuniAssets Fund by 28.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 42,523 shares of the investment management company’s stock valued at $544,000 after purchasing an additional 9,310 shares in the last quarter. UBS Group AG increased its stake in BlackRock MuniAssets Fund by 25.2% in the 1st quarter. UBS Group AG now owns 85,787 shares of the investment management company’s stock valued at $1,098,000 after purchasing an additional 17,252 shares in the last quarter. Finally, Guggenheim Capital LLC increased its stake in BlackRock MuniAssets Fund by 81.7% in the 1st quarter. Guggenheim Capital LLC now owns 237,967 shares of the investment management company’s stock valued at $3,046,000 after purchasing an additional 107,035 shares in the last quarter. 11.76% of the stock is owned by institutional investors and hedge funds.

About BlackRock MuniAssets Fund

(Get Rating)

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.