Rivernorth Capital Management LLC Has $3.31 Million Stake in BlackRock MuniAssets Fund, Inc. $MUA

Rivernorth Capital Management LLC raised its position in shares of BlackRock MuniAssets Fund, Inc. (NYSE:MUA) by 51.4% during the first quarter, HoldingsChannel.com reports. The fund owned 312,410 shares of the investment management company’s stock after buying an additional 106,043 shares during the quarter. Rivernorth Capital Management LLC’s holdings in BlackRock MuniAssets Fund were worth $3,315,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Kestra Advisory Services LLC acquired a new position in shares of BlackRock MuniAssets Fund in the 4th quarter valued at about $50,000. Hollencrest Capital Management bought a new stake in BlackRock MuniAssets Fund in the first quarter worth approximately $52,000. Northwestern Mutual Wealth Management Co. increased its holdings in 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 purchasing an additional 4,761 shares in the last quarter. Advisory Services Network LLC acquired a new position in BlackRock MuniAssets Fund in the third quarter valued at approximately $75,000. Finally, Fifth Third Bancorp bought a new position in shares of BlackRock MuniAssets Fund during the 1st quarter worth approximately $95,000. 20.38% of the stock is currently owned by institutional investors and hedge funds.

BlackRock MuniAssets Fund Trading Down 2.2%

NYSE:MUA opened at $10.28 on Wednesday. BlackRock MuniAssets Fund, Inc. has a twelve month low of $10.17 and a twelve month high of $11.79. The company has a fifty day moving average of $10.74 and a 200-day moving average of $10.80.

BlackRock MuniAssets Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th will be paid a $0.0555 dividend. The ex-dividend date is Tuesday, September 15th. This represents a c) annualized dividend and a dividend yield of 6.5%.

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.