BlackRock MuniAssets Fund, Inc. (NYSE:MUA) Plans $0.06 Monthly Dividend

BlackRock MuniAssets Fund, Inc. (NYSE:MUA) announced a monthly dividend on Monday, November 3rd. Shareholders of record on Friday, November 14th will be paid a dividend of 0.0555 per share by the investment management company on Monday, December 1st. This represents a c) annualized dividend and a dividend yield of 6.1%. The ex-dividend date of this dividend is Friday, November 14th.

BlackRock MuniAssets Fund Stock Down 0.6%

Shares of NYSE MUA opened at $10.86 on Tuesday. BlackRock MuniAssets Fund has a one year low of $9.60 and a one year high of $12.65. The business’s fifty day moving average price is $11.03 and its 200-day moving average price is $10.56.

Hedge Funds Weigh In On BlackRock MuniAssets Fund

Several large investors have recently modified their holdings of the business. Bernard Wealth Management Corp. purchased a new stake in shares of BlackRock MuniAssets Fund during the 2nd quarter valued at approximately $30,000. ST Germain D J Co. Inc. bought a new stake in BlackRock MuniAssets Fund during the 2nd quarter valued at $31,000. Ameritas Advisory Services LLC bought a new stake in BlackRock MuniAssets Fund during the 2nd quarter valued at $41,000. Allworth Financial LP purchased a new stake in shares of BlackRock MuniAssets Fund during the second quarter worth $65,000. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in shares of 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 worth $73,000 after acquiring an additional 4,761 shares during the period. Hedge funds and other institutional investors own 20.38% of the company’s stock.

About BlackRock MuniAssets Fund

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.