Polar Asset Management Partners Inc. Sells 313,797 Shares of BlackRock MuniAssets Fund, Inc. $MUA

Polar Asset Management Partners Inc. decreased its holdings in shares of BlackRock MuniAssets Fund, Inc. (NYSE:MUA) by 60.0% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 209,009 shares of the investment management company’s stock after selling 313,797 shares during the quarter. Polar Asset Management Partners Inc.’s holdings in BlackRock MuniAssets Fund were worth $2,320,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Oarsman Capital Inc. increased its stake in BlackRock MuniAssets Fund by 29.9% in the third quarter. Oarsman Capital Inc. now owns 89,475 shares of the investment management company’s stock valued at $993,000 after purchasing an additional 20,601 shares in the last quarter. Advisory Services Network LLC acquired a new position in BlackRock MuniAssets Fund during the 3rd quarter worth approximately $75,000. NewEdge Advisors LLC lifted its position in shares of BlackRock MuniAssets Fund by 12.7% in the third quarter. NewEdge Advisors LLC now owns 56,737 shares of the investment management company’s stock worth $630,000 after purchasing an additional 6,409 shares in the last quarter. Bank of America Corp DE lifted its position in BlackRock MuniAssets Fund by 18.3% during the 3rd quarter. Bank of America Corp DE now owns 1,490,043 shares of the investment management company’s stock worth $16,539,000 after buying an additional 230,972 shares in the last quarter. Finally, Virtu Financial LLC bought a new position in shares of BlackRock MuniAssets Fund in the 3rd quarter valued at about $418,000. 20.38% of the stock is currently owned by institutional investors.

BlackRock MuniAssets Fund Price Performance

Shares of NYSE MUA opened at $10.62 on Friday. BlackRock MuniAssets Fund, Inc. has a 52 week low of $9.60 and a 52 week high of $11.79. The stock has a 50 day moving average price of $11.00 and a 200 day moving average price of $10.93.

BlackRock MuniAssets Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 15th will be paid a dividend of $0.0555 per share. The ex-dividend date is Monday, June 15th. This represents a c) annualized dividend and a dividend yield of 6.3%.

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.