Rivernorth Capital Management LLC trimmed its holdings in BlackRock MuniAssets Fund, Inc. (NYSE:MUA - Free Report) by 90.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 89,135 shares of the investment management company's stock after selling 825,712 shares during the quarter. Rivernorth Capital Management LLC owned about 0.23% of BlackRock MuniAssets Fund worth $1,105,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors also recently modified their holdings of the company. CWM LLC increased its stake in shares of BlackRock MuniAssets Fund by 94.1% in the 3rd quarter. CWM LLC now owns 5,415 shares of the investment management company's stock worth $67,000 after acquiring an additional 2,625 shares in the last quarter. Cetera Advisors LLC bought a new position in shares of BlackRock MuniAssets Fund in the 1st quarter worth about $114,000. Creative Planning bought a new stake in BlackRock MuniAssets Fund during the 3rd quarter valued at about $128,000. Financial Counselors Inc. bought a new stake in BlackRock MuniAssets Fund during the 2nd quarter valued at about $152,000. Finally, PFG Investments LLC bought a new stake in BlackRock MuniAssets Fund during the 2nd quarter valued at about $157,000. 20.38% of the stock is currently owned by institutional investors.
BlackRock MuniAssets Fund Stock Down 0.2 %
NYSE:MUA traded down $0.03 on Thursday, reaching $12.02. 30,328 shares of the stock traded hands, compared to its average volume of 82,611. BlackRock MuniAssets Fund, Inc. has a 12 month low of $10.23 and a 12 month high of $12.69. The company's fifty day simple moving average is $12.16 and its 200 day simple moving average is $11.82.
BlackRock MuniAssets Fund Dividend Announcement
The business also recently declared a monthly dividend, which was paid on Monday, December 2nd. Stockholders of record on Friday, November 15th were issued a dividend of $0.0555 per share. This represents a $0.67 dividend on an annualized basis and a dividend yield of 5.54%. The ex-dividend date was Friday, November 15th.
BlackRock MuniAssets Fund Company Profile
(
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.
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