BlackRock MuniAssets Fund, Inc. (MUA) To Go Ex-Dividend on December 22nd

BlackRock MuniAssets Fund, Inc. (NYSE:MUA) declared a monthly dividend on Friday, December 12th. Shareholders 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) annualized dividend and a yield of 6.2%. The ex-dividend date of this dividend is Monday, December 22nd.

BlackRock MuniAssets Fund Trading Down 0.3%

Shares of BlackRock MuniAssets Fund stock traded down $0.03 during trading hours on Friday, reaching $10.77. 174,984 shares of the company’s stock were exchanged, compared to its average volume of 124,417. BlackRock MuniAssets Fund has a 52-week low of $9.60 and a 52-week high of $11.79. The company has a fifty day moving average of $10.79 and a 200-day moving average of $10.68.

Institutional Trading of BlackRock MuniAssets Fund

A number of hedge funds have recently added to or reduced their stakes in MUA. Stratos Wealth Partners LTD. increased its position in BlackRock MuniAssets Fund by 28.2% during the second quarter. Stratos Wealth Partners LTD. now owns 18,200 shares of the investment management company’s stock worth $189,000 after purchasing an additional 4,000 shares during the last quarter. Integrated Capital Management Inc. purchased a new stake in shares of BlackRock MuniAssets Fund during the 2nd quarter valued at $276,000. Allworth Financial LP purchased a new stake in shares of BlackRock MuniAssets Fund during the 2nd quarter valued at $65,000. Park Avenue Securities LLC acquired a new stake in shares of BlackRock MuniAssets Fund during the 2nd quarter worth $1,444,000. Finally, Advisors Asset Management Inc. purchased a new position in shares of BlackRock MuniAssets Fund in the 2nd quarter worth $1,098,000. 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.