Keybank National Association OH raised its holdings in BlackRock MuniAssets Fund, Inc. (NYSE:MUA - Free Report) by 14.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,004,022 shares of the investment management company's stock after buying an additional 124,464 shares during the period. Keybank National Association OH owned 2.60% of BlackRock MuniAssets Fund worth $11,084,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MUA. Van ECK Associates Corp increased its stake in BlackRock MuniAssets Fund by 8.3% in the 4th quarter. Van ECK Associates Corp now owns 173,978 shares of the investment management company's stock valued at $1,921,000 after buying an additional 13,261 shares during the last quarter. River Street Advisors LLC acquired a new stake in BlackRock MuniAssets Fund in the 4th quarter valued at $119,000. Creative Planning acquired a new stake in BlackRock MuniAssets Fund in the 3rd quarter valued at $128,000. PNC Financial Services Group Inc. increased its stake in shares of BlackRock MuniAssets Fund by 6.7% during the 3rd quarter. PNC Financial Services Group Inc. now owns 124,390 shares of the investment management company's stock worth $1,542,000 after purchasing an additional 7,850 shares during the last quarter. Finally, Rockefeller Capital Management L.P. increased its stake in shares of BlackRock MuniAssets Fund by 3.9% during the 3rd 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. 20.38% of the stock is currently owned by institutional investors and hedge funds.
BlackRock MuniAssets Fund Stock Down 0.2 %
Shares of BlackRock MuniAssets Fund stock traded down $0.03 during trading on Friday, hitting $10.85. 135,762 shares of the stock were exchanged, compared to its average volume of 126,424. The company has a fifty day moving average price of $11.07 and a 200-day moving average price of $11.68. BlackRock MuniAssets Fund, Inc. has a 1-year low of $10.68 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 Tuesday, April 1st. Stockholders of record on Friday, March 14th will be paid a dividend of $0.0555 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.67 annualized dividend and a dividend yield of 6.14%.
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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