Rivernorth Capital Management LLC Has $9.45 Million Holdings in BlackRock MuniAssets Fund, Inc. $MUA

Rivernorth Capital Management LLC increased its position in BlackRock MuniAssets Fund, Inc. (NYSE:MUA) by 177.9% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 868,104 shares of the investment management company’s stock after purchasing an additional 555,694 shares during the period. Rivernorth Capital Management LLC owned about 1.72% of BlackRock MuniAssets Fund worth $9,451,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in MUA. Kestra Advisory Services LLC acquired a new position in BlackRock MuniAssets Fund during the fourth quarter valued at $50,000. Hollencrest Capital Management purchased a new stake in shares of BlackRock MuniAssets Fund in the first quarter worth approximately $52,000. Advisory Services Network LLC purchased a new position in BlackRock MuniAssets Fund during the third quarter valued at approximately $75,000. Northwestern Mutual Wealth Management Co. lifted its position in BlackRock MuniAssets Fund by 212.4% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 7,003 shares of the investment management company’s stock worth $73,000 after buying an additional 4,761 shares in the last quarter. Finally, Fifth Third Bancorp purchased a new stake in BlackRock MuniAssets Fund in the 1st quarter worth approximately $95,000. 20.38% of the stock is owned by institutional investors and hedge funds.

BlackRock MuniAssets Fund Trading Down 0.1%

NYSE MUA opened at $9.93 on Monday. BlackRock MuniAssets Fund, Inc. has a 12-month low of $9.92 and a 12-month high of $11.79. The company has a 50 day moving average price of $10.48 and a two-hundred day moving average price of $10.65.

BlackRock MuniAssets Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th will be given a $0.0555 dividend. This represents a c) annualized dividend and a dividend yield of 6.7%. The ex-dividend date of this dividend is Tuesday, September 15th.

BlackRock MuniAssets Fund 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.