Advisors Asset Management Inc. lessened its holdings in BlackRock MuniAssets Fund, Inc. (NYSE:MUA - Free Report) by 64.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 50,436 shares of the investment management company's stock after selling 90,575 shares during the period. Advisors Asset Management Inc. owned approximately 0.13% of BlackRock MuniAssets Fund worth $625,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also modified their holdings of MUA. Pathway Financial Advisers LLC purchased a new position in shares of BlackRock MuniAssets Fund during the first quarter worth $61,000. CWM LLC grew its position in BlackRock MuniAssets Fund by 94.1% in the 3rd quarter. CWM LLC now owns 5,415 shares of the investment management company's stock valued at $67,000 after acquiring an additional 2,625 shares in the last quarter. Cetera Advisors LLC purchased a new stake in BlackRock MuniAssets Fund during the first quarter worth about $114,000. Creative Planning purchased a new stake in BlackRock MuniAssets Fund during the 3rd quarter worth about $128,000. Finally, Financial Counselors Inc. acquired a new stake in BlackRock MuniAssets Fund in the 2nd quarter valued at about $152,000. 20.38% of the stock is currently owned by hedge funds and other institutional investors.
BlackRock MuniAssets Fund Stock Performance
Shares of BlackRock MuniAssets Fund stock traded up $0.12 on Thursday, reaching $12.06. 71,674 shares of the company were exchanged, compared to its average volume of 83,099. The stock's 50 day moving average price is $12.18 and its 200-day moving average price is $11.78. BlackRock MuniAssets Fund, Inc. has a 1-year low of $9.83 and a 1-year high of $12.69.
BlackRock MuniAssets Fund Announces Dividend
The company also recently disclosed a monthly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be given a $0.0555 dividend. This represents a $0.67 dividend on an annualized basis and a dividend yield of 5.52%. The ex-dividend date of this dividend is Friday, November 15th.
About BlackRock MuniAssets Fund
(
Free Report)
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.
See Also
Before you consider BlackRock MuniAssets Fund, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and BlackRock MuniAssets Fund wasn't on the list.
While BlackRock MuniAssets Fund currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat's analysts have just released their top five short plays for December 2024. Learn which stocks have the most short interest and how to trade them. Click the link below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
