BlackRock MuniAssets Fund (NYSE:MUA) Sees Strong Trading Volume – Here’s What Happened

Shares of BlackRock MuniAssets Fund, Inc. (NYSE:MUA) saw unusually-high trading volume on Monday . 104,079 shares traded hands during mid-day trading, an increase of 4% from the previous session’s volume of 100,072 shares.The stock last traded at $10.69 and had previously closed at $10.80.

BlackRock MuniAssets Fund Trading Down 0.7%

The company has a fifty day moving average of $10.76 and a two-hundred day moving average of $10.80.

BlackRock MuniAssets Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Thursday, October 1st. Stockholders 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 dividend yield of 6.2%. The ex-dividend date of this dividend is Tuesday, September 15th.

Institutional Investors Weigh In On BlackRock MuniAssets Fund

Institutional investors have recently added to or reduced their stakes in the business. Hennion & Walsh Asset Management Inc. lifted its holdings 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 buying an additional 224,943 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake 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 buying an additional 240,894 shares during the period. Absolute Investment Advisers LLC acquired a new stake in shares of BlackRock MuniAssets Fund in the first quarter valued at about $1,349,000. Oarsman Capital Inc. raised its position in shares of BlackRock MuniAssets Fund by 12.8% during the fourth quarter. Oarsman Capital Inc. now owns 100,886 shares of the investment management company’s stock worth $1,080,000 after acquiring an additional 11,411 shares during the last quarter. Finally, Commonwealth Equity Services LLC raised its position in shares of BlackRock MuniAssets Fund by 4.8% during the fourth quarter. Commonwealth Equity Services LLC now owns 504,492 shares of the investment management company’s stock worth $5,403,000 after acquiring an additional 23,151 shares during the last quarter. 20.38% of the stock is owned by institutional investors.

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.