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

BlackRock MuniAssets Fund, Inc. (NYSE:MUA) announced a monthly dividend on Friday, January 2nd. Stockholders of record on Friday, March 13th will be given a dividend of 0.0555 per share by the investment management company on Wednesday, April 1st. This represents a c) annualized dividend and a dividend yield of 6.1%. The ex-dividend date is Friday, March 13th.

BlackRock MuniAssets Fund Trading Up 0.3%

Shares of MUA traded up $0.03 during mid-day trading on Wednesday, reaching $10.93. 5,712 shares of the company’s stock were exchanged, compared to its average volume of 87,405. BlackRock MuniAssets Fund has a 52-week low of $9.60 and a 52-week high of $11.79. The company has a 50-day simple moving average of $10.99 and a two-hundred day simple moving average of $10.93.

Hedge Funds Weigh In On BlackRock MuniAssets Fund

Several hedge funds have recently bought and sold shares of MUA. Bank of America Corp DE lifted its position in shares of BlackRock MuniAssets Fund by 18.3% in the third 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 acquiring an additional 230,972 shares in the last quarter. Keybank National Association OH increased its position in BlackRock MuniAssets Fund by 0.8% during the 4th quarter. Keybank National Association OH now owns 1,050,678 shares of the investment management company’s stock worth $11,253,000 after purchasing an additional 8,688 shares in the last quarter. Hennion & Walsh Asset Management Inc. increased its position in BlackRock MuniAssets Fund by 29.9% during 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 purchasing an additional 224,943 shares in the last quarter. Commonwealth Equity Services LLC raised its stake in BlackRock MuniAssets Fund by 4.8% in the 4th quarter. Commonwealth Equity Services LLC now owns 504,492 shares of the investment management company’s stock valued at $5,403,000 after purchasing an additional 23,151 shares during the last quarter. Finally, Advisors Asset Management Inc. lifted its holdings in BlackRock MuniAssets Fund by 77.8% in the 4th quarter. Advisors Asset Management Inc. now owns 384,686 shares of the investment management company’s stock valued at $4,120,000 after purchasing an additional 168,356 shares in the last quarter. Hedge funds and other institutional investors 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.