BlackRock MuniAssets Fund, Inc. (NYSE:MUA) Plans Monthly Dividend of $0.06

BlackRock MuniAssets Fund, Inc. (NYSE:MUA) announced a monthly dividend on Friday, June 5th. Shareholders of record on Wednesday, July 15th will be given a dividend of 0.0555 per share by the investment management company on Monday, August 3rd. This represents a c) annualized dividend and a yield of 6.1%. The ex-dividend date is Wednesday, July 15th.

BlackRock MuniAssets Fund Stock Down 0.0%

MUA stock opened at $10.94 on Monday. BlackRock MuniAssets Fund has a one year low of $10.02 and a one year high of $11.79. The firm has a 50-day moving average of $10.74 and a two-hundred day moving average of $10.79.

Hedge Funds Weigh In On BlackRock MuniAssets Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Hennion & Walsh Asset Management Inc. lifted its position in BlackRock MuniAssets Fund by 29.9% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 976,962 shares of the investment management company’s stock worth $10,463,000 after buying an additional 224,943 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of BlackRock MuniAssets Fund by 3,439.9% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 247,897 shares of the investment management company’s stock worth $2,655,000 after acquiring an additional 240,894 shares during the last quarter. Absolute Investment Advisers LLC acquired a new position in shares of BlackRock MuniAssets Fund in the first quarter worth $1,349,000. Advisory Services Network LLC purchased a new stake in shares of BlackRock MuniAssets Fund during the third quarter worth $75,000. Finally, Kestra Advisory Services LLC acquired a new stake in BlackRock MuniAssets Fund during the fourth quarter valued at $50,000. Institutional investors and hedge funds own 20.38% of the company’s stock.

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.