Royal Bank of Canada Has $1.82 Million Stock Position in BlackRock MuniAssets Fund, Inc. $MUA

Royal Bank of Canada grew its holdings in BlackRock MuniAssets Fund, Inc. (NYSE:MUA) by 89.2% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 171,937 shares of the investment management company’s stock after acquiring an additional 81,069 shares during the quarter. Royal Bank of Canada owned 0.34% of BlackRock MuniAssets Fund worth $1,824,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Wealth Alliance LLC raised its stake in BlackRock MuniAssets Fund by 42.7% in the 1st quarter. Wealth Alliance LLC now owns 90,736 shares of the investment management company’s stock worth $963,000 after purchasing an additional 27,129 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in BlackRock MuniAssets Fund by 8.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 280,957 shares of the investment management company’s stock valued at $2,981,000 after purchasing an additional 22,632 shares during the period. Hollencrest Capital Management acquired a new position in shares of BlackRock MuniAssets Fund during the 1st quarter worth approximately $52,000. Bank of New York Mellon Corp grew its position in shares of BlackRock MuniAssets Fund by 31.3% during the 1st quarter. Bank of New York Mellon Corp now owns 28,946 shares of the investment management company’s stock worth $307,000 after purchasing an additional 6,901 shares in the last quarter. Finally, Arlington Capital Management Inc. bought a new position in shares of BlackRock MuniAssets Fund during the first quarter worth approximately $178,000. 20.38% of the stock is currently owned by institutional investors and hedge funds.

BlackRock MuniAssets Fund Trading Down 0.3%

NYSE MUA opened at $10.06 on Wednesday. BlackRock MuniAssets Fund, Inc. has a 1-year low of $10.02 and a 1-year high of $11.79. The company has a 50 day moving average of $10.59 and a 200-day moving average of $10.71.

BlackRock MuniAssets Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be paid a dividend of $0.0555 per share. This represents a c) dividend on an annualized basis and a yield of 6.6%. The ex-dividend date is Tuesday, September 15th.

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.