Wolverine Asset Management LLC Acquires 40,776 Shares of BlackRock MuniAssets Fund, Inc. $MUA

Wolverine Asset Management LLC boosted its holdings in BlackRock MuniAssets Fund, Inc. (NYSE:MUA) by 87.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 87,183 shares of the investment management company’s stock after purchasing an additional 40,776 shares during the period. Wolverine Asset Management LLC’s holdings in BlackRock MuniAssets Fund were worth $907,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in MUA. Polar Asset Management Partners Inc. bought a new stake in BlackRock MuniAssets Fund in the first quarter worth $5,928,000. Envestnet Asset Management Inc. raised its stake in shares of BlackRock MuniAssets Fund by 590.7% during the second quarter. Envestnet Asset Management Inc. now owns 184,633 shares of the investment management company’s stock valued at $1,920,000 after acquiring an additional 157,903 shares during the last quarter. Park Avenue Securities LLC bought a new position in shares of BlackRock MuniAssets Fund during the second quarter valued at about $1,444,000. Readystate Asset Management LP raised its stake in shares of BlackRock MuniAssets Fund by 287.2% during the first quarter. Readystate Asset Management LP now owns 78,665 shares of the investment management company’s stock valued at $852,000 after acquiring an additional 58,350 shares during the last quarter. Finally, Oarsman Capital Inc. raised its stake in shares of BlackRock MuniAssets Fund by 80.0% during the second quarter. Oarsman Capital Inc. now owns 68,874 shares of the investment management company’s stock valued at $716,000 after acquiring an additional 30,614 shares during the last quarter. 20.38% of the stock is owned by institutional investors.

BlackRock MuniAssets Fund Stock Up 0.9%

Shares of NYSE:MUA opened at $10.91 on Friday. The company has a 50-day moving average price of $11.03 and a 200-day moving average price of $10.55. BlackRock MuniAssets Fund, Inc. has a 12 month low of $9.60 and a 12 month high of $12.65.

BlackRock MuniAssets Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, November 3rd. Stockholders of record on Wednesday, October 15th will be paid a dividend of $0.0555 per share. This represents a c) annualized dividend and a dividend yield of 6.1%. The ex-dividend date of this dividend is Wednesday, October 15th.

BlackRock MuniAssets Fund Company Profile

BlackRock MuniAssets Fund, Inc is a closed ended fixed income mutual fund launched by BlackRock, Inc It is managed by BlackRock Advisors, LLC. The fund invests in fixed income markets. It seeks to provide current income exempt from federal income taxes by investing primarily in a portfolio of medium-to-lower grade or unrated municipal obligations the interest on which is exempt from federal income taxes.