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

BlackRock MuniAssets Fund, Inc. (NYSE:MUA) declared a monthly dividend on Friday, June 5th. Stockholders of record on Tuesday, September 15th will be given a dividend of 0.0555 per share by the investment management company on Thursday, October 1st. This represents a c) annualized dividend and a dividend yield of 6.8%. The ex-dividend date is Tuesday, September 15th.

BlackRock MuniAssets Fund Price Performance

NYSE MUA opened at $9.77 on Friday. BlackRock MuniAssets Fund has a 1-year low of $9.71 and a 1-year high of $11.79. The business’s fifty day moving average price is $10.28 and its 200-day moving average price is $10.56.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Rivernorth Capital Management LLC boosted its holdings in BlackRock MuniAssets Fund by 177.9% in the 2nd quarter. Rivernorth Capital Management LLC now owns 868,104 shares of the investment management company’s stock worth $9,451,000 after buying an additional 555,694 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position 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 valued at $2,655,000 after acquiring an additional 240,894 shares in the last quarter. Van ECK Associates Corp boosted its stake in shares of BlackRock MuniAssets Fund by 27.0% in the second quarter. Van ECK Associates Corp now owns 428,231 shares of the investment management company’s stock worth $4,715,000 after acquiring an additional 90,992 shares during the period. Robinson Capital Management LLC grew its position in shares of BlackRock MuniAssets Fund by 42.0% during the second quarter. Robinson Capital Management LLC now owns 183,406 shares of the investment management company’s stock worth $2,008,000 after purchasing an additional 54,283 shares in the last quarter. Finally, Royal Bank of Canada grew its position in shares of BlackRock MuniAssets Fund by 89.2% during the first quarter. Royal Bank of Canada now owns 171,937 shares of the investment management company’s stock worth $1,824,000 after purchasing an additional 81,069 shares in the last quarter. 20.38% of the stock is owned by hedge funds and other institutional investors.

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.