Northwestern Mutual Wealth Management Co. Buys 240,894 Shares of BlackRock MuniAssets Fund, Inc. $MUA

Northwestern Mutual Wealth Management Co. boosted its stake in BlackRock MuniAssets Fund, Inc. (NYSE:MUA) by 3,439.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 247,897 shares of the investment management company’s stock after acquiring an additional 240,894 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in BlackRock MuniAssets Fund were worth $2,655,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in MUA. Advisory Services Network LLC bought a new stake in BlackRock MuniAssets Fund in the third quarter valued at approximately $75,000. Nomura Holdings Inc. bought a new stake in BlackRock MuniAssets Fund in the second quarter valued at approximately $104,000. Ashton Thomas Private Wealth LLC bought a new stake in BlackRock MuniAssets Fund in the third quarter valued at approximately $150,000. Indivisible Partners bought a new stake in BlackRock MuniAssets Fund in the fourth quarter valued at approximately $168,000. Finally, Jane Street Group LLC bought a new stake in BlackRock MuniAssets Fund in the second quarter valued at approximately $193,000. 20.38% of the stock is currently owned by institutional investors.

BlackRock MuniAssets Fund Trading Up 0.0%

Shares of MUA stock opened at $10.55 on Tuesday. The business’s 50 day simple moving average is $10.63 and its 200 day simple moving average is $10.79. BlackRock MuniAssets Fund, Inc. has a one year low of $10.02 and a one year high of $11.79.

BlackRock MuniAssets Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 15th will be issued a $0.0555 dividend. The ex-dividend date is Monday, June 15th. This represents a c) annualized dividend and a yield of 6.3%.

BlackRock MuniAssets Fund Company Profile

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.