BlackRock MuniAssets Fund (NYSE:MUA) Shares Cross Below Two Hundred Day Moving Average - Here's Why

BlackRock MuniAssets Fund, Inc. (NYSE:MUA - Get Free Report)'s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $11.74 and traded as low as $11.12. BlackRock MuniAssets Fund shares last traded at $11.14, with a volume of 52,950 shares changing hands.

BlackRock MuniAssets Fund Price Performance

The stock's fifty day simple moving average is $11.15 and its 200-day simple moving average is $11.73.

BlackRock MuniAssets Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Friday, February 14th will be issued a $0.0555 dividend. The ex-dividend date is Friday, February 14th. This represents a $0.67 dividend on an annualized basis and a yield of 5.96%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Sanctuary Advisors LLC increased its holdings in 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 buying an additional 2,150 shares in the last quarter. Creative Planning purchased a new position in shares of BlackRock MuniAssets Fund during the 3rd quarter worth approximately $128,000. Pathway Financial Advisers LLC increased its stake in shares of BlackRock MuniAssets Fund by 1,152.5% during the 3rd quarter. Pathway Financial Advisers LLC now owns 60,371 shares of the investment management company's stock worth $749,000 after purchasing an additional 55,551 shares in the last quarter. ST Germain D J Co. Inc. purchased a new position in shares of BlackRock MuniAssets Fund during the 4th quarter worth approximately $33,000. Finally, CWM LLC increased its stake in shares of BlackRock MuniAssets Fund by 94.1% during the 3rd quarter. CWM LLC now owns 5,415 shares of the investment management company's stock worth $67,000 after purchasing an additional 2,625 shares in the last quarter. 20.38% of the stock is owned by hedge funds and other institutional investors.

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.