BlackRock MuniAssets Fund, Inc. (NYSE:MUA - Get Free Report) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $11.80 and traded as low as $11.07. BlackRock MuniAssets Fund shares last traded at $11.11, with a volume of 127,908 shares changing hands.
BlackRock MuniAssets Fund Stock Performance
The business has a 50 day moving average of $11.49 and a 200 day moving average of $11.80.
BlackRock MuniAssets Fund Dividend Announcement
The firm also recently announced a monthly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Wednesday, January 15th will be issued a $0.0555 dividend. The ex-dividend date is Wednesday, January 15th. This represents a $0.67 dividend on an annualized basis and a dividend yield of 6.00%.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Sanctuary Advisors LLC raised its stake in shares of BlackRock MuniAssets Fund by 13.7% in the third quarter. Sanctuary Advisors LLC now owns 17,869 shares of the investment management company's stock valued at $215,000 after acquiring an additional 2,150 shares during the period. CWM LLC grew its holdings in BlackRock MuniAssets Fund by 94.1% during the 3rd quarter. CWM LLC now owns 5,415 shares of the investment management company's stock valued at $67,000 after purchasing an additional 2,625 shares during the last quarter. ST Germain D J Co. Inc. purchased a new stake in BlackRock MuniAssets Fund in the 4th quarter worth about $33,000. Rockefeller Capital Management L.P. lifted its stake in BlackRock MuniAssets Fund by 3.9% in the third quarter. Rockefeller Capital Management L.P. now owns 163,145 shares of the investment management company's stock worth $2,023,000 after purchasing an additional 6,054 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its position in shares of BlackRock MuniAssets Fund by 6.7% during the third quarter. PNC Financial Services Group Inc. now owns 124,390 shares of the investment management company's stock valued at $1,542,000 after buying an additional 7,850 shares during the period. Hedge funds and other institutional investors own 20.38% of the company's stock.
BlackRock MuniAssets Fund Company Profile
(
Get 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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