Hennion & Walsh Asset Management Inc. Buys 224,943 Shares of BlackRock MuniAssets Fund, Inc. $MUA

Hennion & Walsh Asset Management Inc. raised its stake in BlackRock MuniAssets Fund, Inc. (NYSE:MUA) by 29.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 976,962 shares of the investment management company’s stock after buying an additional 224,943 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in BlackRock MuniAssets Fund were worth $10,463,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Bernard Wealth Management Corp. boosted its holdings in shares of BlackRock MuniAssets Fund by 82.8% during the 3rd quarter. Bernard Wealth Management Corp. now owns 5,300 shares of the investment management company’s stock worth $59,000 after buying an additional 2,400 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in shares of 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 valued at $73,000 after purchasing an additional 4,761 shares during the last quarter. Advisory Services Network LLC acquired a new stake in BlackRock MuniAssets Fund during the 3rd quarter worth approximately $75,000. Nomura Holdings Inc. acquired a new stake in BlackRock MuniAssets Fund during the 2nd quarter worth approximately $104,000. Finally, Ashton Thomas Private Wealth LLC bought a new stake in BlackRock MuniAssets Fund in the 3rd quarter valued at $150,000. 20.38% of the stock is owned by institutional investors.

BlackRock MuniAssets Fund Price Performance

Shares of NYSE MUA opened at $10.40 on Monday. The stock’s fifty day moving average price is $10.94 and its two-hundred day moving average price is $10.91. BlackRock MuniAssets Fund, Inc. has a one year low of $9.60 and a one year high of $11.79.

BlackRock MuniAssets Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th will be paid a $0.0555 dividend. The ex-dividend date is Monday, June 15th. This represents a c) annualized dividend and a yield of 6.4%.

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.