BlackRock MuniAssets Fund, Inc. (NYSE:MUA – Get Free Report) declared a monthly dividend on Wednesday, September 6th, Wall Street Journal reports. Shareholders of record on Friday, September 15th will be paid a dividend of 0.0405 per share by the investment management company on Monday, October 2nd. This represents a $0.49 annualized dividend and a dividend yield of 5.03%. The ex-dividend date is Thursday, September 14th.
BlackRock MuniAssets Fund Stock Performance
MUA stock opened at $9.66 on Thursday. BlackRock MuniAssets Fund has a 52-week low of $9.47 and a 52-week high of $12.45. The company’s 50 day simple moving average is $10.01 and its 200-day simple moving average is $10.23.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the business. US Bancorp DE boosted its stake in shares of BlackRock MuniAssets Fund by 69.3% during the 1st quarter. US Bancorp DE now owns 5,250 shares of the investment management company’s stock valued at $68,000 after buying an additional 2,149 shares during the period. HighTower Advisors LLC raised its stake in shares of BlackRock MuniAssets Fund by 16.5% during the 1st quarter. HighTower Advisors LLC now owns 21,201 shares of the investment management company’s stock worth $273,000 after purchasing an additional 3,000 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in shares of 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 buying an additional 9,310 shares in the last quarter. UBS Group AG increased its holdings in BlackRock MuniAssets Fund by 25.2% in the first quarter. UBS Group AG now owns 85,787 shares of the investment management company’s stock worth $1,098,000 after buying an additional 17,252 shares during the last quarter. Finally, Guggenheim Capital LLC raised its position in BlackRock MuniAssets Fund by 81.7% during the first quarter. Guggenheim Capital LLC now owns 237,967 shares of the investment management company’s stock valued at $3,046,000 after acquiring an additional 107,035 shares in the last quarter. Hedge funds and other institutional investors own 17.42% of the company’s stock.
BlackRock MuniAssets Fund Company Profile
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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