BlackRock MuniAssets Fund, Inc. $MUA Shares Newly Acquired by Professional Financial Management Inc.

Professional Financial Management Inc. bought a new stake in BlackRock MuniAssets Fund, Inc. (NYSE:MUA) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 84,138 shares of the investment management company’s stock, valued at approximately $804,000. BlackRock MuniAssets Fund makes up about 0.8% of Professional Financial Management Inc.’s holdings, making the stock its 20th biggest holding. Professional Financial Management Inc. owned about 0.17% of BlackRock MuniAssets Fund as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Hollencrest Capital Management purchased a new position in BlackRock MuniAssets Fund in the 1st quarter worth approximately $52,000. Fifth Third Bancorp purchased a new stake in shares of BlackRock MuniAssets Fund during the first quarter valued at approximately $95,000. Readystate Asset Management LP purchased a new stake in shares of BlackRock MuniAssets Fund during the second quarter valued at approximately $121,000. Sanctuary Advisors LLC purchased a new stake in shares of BlackRock MuniAssets Fund during the second quarter valued at approximately $147,000. Finally, Arlington Capital Management Inc. acquired a new position in shares of BlackRock MuniAssets Fund during the first quarter worth $178,000. Institutional investors and hedge funds own 20.38% of the company’s stock.

BlackRock MuniAssets Fund Stock Performance

Shares of MUA stock opened at $9.70 on Friday. The firm has a fifty day simple moving average of $9.69 and a 200-day simple moving average of $10.31. BlackRock MuniAssets Fund, Inc. has a twelve month low of $9.13 and a twelve month high of $11.26.

BlackRock MuniAssets Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, December 22nd. Shareholders of record on Friday, December 11th will be given a $0.0555 dividend. This represents a $0.67 dividend on an annualized basis and a yield of 6.9%. The ex-dividend date of this dividend is Friday, December 11th.

BlackRock MuniAssets Fund Company Profile

BlackRock MuniAssets Fund, Inc is a closed-end investment fund listed on the New York Stock Exchange under the symbol MUA. The fund seeks to provide current income that is exempt from regular U.S. federal income taxes by investing primarily in municipal obligations.

The fund invests in debt securities issued by or on behalf of states, territories, and possessions of the United States, as well as their political subdivisions, agencies, and instrumentalities. Its portfolio may include municipal bonds and other municipal-related securities, with holdings selected based on factors such as credit quality, maturity, structure, and income potential.

BlackRock MuniAssets Fund is managed by BlackRock Advisors, LLC, an affiliate of BlackRock, Inc As a U.S.-focused municipal bond fund, its investments are generally tied to public-sector financing across a range of state and local governments and related authorities.