BlackRock MuniAssets Fund, Inc. (MUA) To Go Ex-Dividend on September 15th

BlackRock MuniAssets Fund, Inc. (NYSE:MUA) declared a monthly dividend on Friday, June 5th. Shareholders 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) dividend on an annualized basis and a yield of 6.8%. The ex-dividend date is Tuesday, September 15th.

BlackRock MuniAssets Fund Stock Down 0.1%

Shares of NYSE:MUA opened at $9.77 on Friday. The company has a 50 day moving average of $10.28 and a two-hundred day moving average of $10.56. BlackRock MuniAssets Fund has a 52-week low of $9.71 and a 52-week high of $11.79.

Institutional Investors Weigh In On BlackRock MuniAssets Fund

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

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.