BlackRock MuniAssets Fund, Inc. $MUA Stock Position Raised by Robinson Capital Management LLC

Robinson Capital Management LLC increased its position in BlackRock MuniAssets Fund, Inc. (NYSE:MUA) by 42.0% in the second quarter, HoldingsChannel reports. The firm owned 183,406 shares of the investment management company’s stock after acquiring an additional 54,283 shares during the period. BlackRock MuniAssets Fund accounts for about 0.9% of Robinson Capital Management LLC’s investment portfolio, making the stock its 28th biggest holding. Robinson Capital Management LLC’s holdings in BlackRock MuniAssets Fund were worth $2,008,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MUA. Bank of America Corp DE raised its stake in BlackRock MuniAssets Fund by 18.3% during the 3rd quarter. Bank of America Corp DE now owns 1,490,043 shares of the investment management company’s stock valued at $16,539,000 after purchasing an additional 230,972 shares during the period. Rivernorth Capital Management LLC boosted its position in shares of BlackRock MuniAssets Fund by 177.9% in the second quarter. Rivernorth Capital Management LLC now owns 868,104 shares of the investment management company’s stock worth $9,451,000 after buying an additional 555,694 shares during the period. Commonwealth Equity Services LLC grew its holdings in shares of BlackRock MuniAssets Fund by 4.8% during the fourth quarter. Commonwealth Equity Services LLC now owns 504,492 shares of the investment management company’s stock valued at $5,403,000 after buying an additional 23,151 shares in the last quarter. Van ECK Associates Corp grew its holdings in shares of BlackRock MuniAssets Fund by 27.0% during the second quarter. Van ECK Associates Corp now owns 428,231 shares of the investment management company’s stock valued at $4,715,000 after buying an additional 90,992 shares in the last quarter. Finally, Advisors Asset Management Inc. raised its position in BlackRock MuniAssets Fund by 77.8% during the fourth quarter. Advisors Asset Management Inc. now owns 384,686 shares of the investment management company’s stock valued at $4,120,000 after buying an additional 168,356 shares during the period. 20.38% of the stock is currently owned by hedge funds and other institutional investors.

BlackRock MuniAssets Fund Price Performance

NYSE:MUA opened at $9.84 on Thursday. The business’s fifty day moving average price is $10.33 and its 200 day moving average price is $10.58. BlackRock MuniAssets Fund, Inc. has a 1-year low of $9.82 and a 1-year high of $11.79.

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.