BlackRock MuniAssets Fund, Inc. (NYSE:MUA – Get Free Report) announced a monthly dividend on Friday, December 12th. Investors of record on Monday, December 22nd will be paid a dividend of 0.0555 per share by the investment management company on Wednesday, December 31st. This represents a c) dividend on an annualized basis and a yield of 6.2%. The ex-dividend date of this dividend is Monday, December 22nd.
BlackRock MuniAssets Fund Stock Down 0.3%
NYSE MUA traded down $0.03 during trading hours on Friday, hitting $10.77. The company had a trading volume of 174,984 shares, compared to its average volume of 124,417. The firm’s 50 day moving average is $10.79 and its 200 day moving average is $10.68. BlackRock MuniAssets Fund has a fifty-two week low of $9.60 and a fifty-two week high of $11.79.
Hedge Funds Weigh In On BlackRock MuniAssets Fund
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Bernard Wealth Management Corp. purchased a new position in BlackRock MuniAssets Fund in the 2nd quarter worth approximately $30,000. ST Germain D J Co. Inc. purchased a new position in shares of BlackRock MuniAssets Fund in the second quarter valued at $31,000. Ameritas Advisory Services LLC acquired a new stake in BlackRock MuniAssets Fund during the 2nd quarter valued at $41,000. Allworth Financial LP purchased a new stake in BlackRock MuniAssets Fund during the 2nd quarter worth $65,000. Finally, Advisory Services Network LLC acquired a new position in BlackRock MuniAssets Fund in the 3rd quarter worth $75,000. 20.38% of the stock is owned by institutional investors and hedge funds.
About BlackRock MuniAssets Fund
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.
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