BlackRock MuniAssets Fund, Inc. (MUA) to Issue Monthly Dividend of $0.06 on April 1st

BlackRock MuniAssets Fund, Inc. (NYSE:MUA) declared a monthly dividend on Friday, January 2nd. Investors of record on Friday, March 13th will be given a dividend of 0.0555 per share by the investment management company on Wednesday, April 1st. This represents a c) annualized dividend and a yield of 6.1%. The ex-dividend date of this dividend is Friday, March 13th.

BlackRock MuniAssets Fund Trading Up 0.0%

MUA stock traded up $0.01 during midday trading on Wednesday, reaching $10.91. 25,151 shares of the company traded hands, compared to its average volume of 87,742. BlackRock MuniAssets Fund has a 52-week low of $9.60 and a 52-week high of $11.79. The business has a 50 day moving average of $10.99 and a 200-day moving average of $10.93.

Institutional Investors Weigh In On BlackRock MuniAssets Fund

Hedge funds and other institutional investors have recently made changes to their positions in the company. Kestra Advisory Services LLC purchased a new position in shares of BlackRock MuniAssets Fund during the 4th quarter worth about $50,000. Bernard Wealth Management Corp. boosted its position in shares of BlackRock MuniAssets Fund by 82.8% during the third quarter. Bernard Wealth Management Corp. now owns 5,300 shares of the investment management company’s stock valued at $59,000 after buying an additional 2,400 shares during the period. Allworth Financial LP bought a new position in shares of BlackRock MuniAssets Fund during the second quarter valued at approximately $65,000. Northwestern Mutual Wealth Management Co. raised its holdings in shares of BlackRock MuniAssets Fund by 212.4% in the second 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 during the period. Finally, Advisory Services Network LLC bought a new stake in shares of BlackRock MuniAssets Fund during the 3rd quarter worth approximately $75,000. Hedge funds and other institutional investors own 20.38% of the company’s stock.

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.