Pathway Financial Advisers LLC Purchases 55,551 Shares of BlackRock MuniAssets Fund, Inc. (NYSE:MUA)

Pathway Financial Advisers LLC grew its holdings in shares of BlackRock MuniAssets Fund, Inc. (NYSE:MUA - Free Report) by 1,152.5% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 60,371 shares of the investment management company's stock after purchasing an additional 55,551 shares during the quarter. Pathway Financial Advisers LLC owned approximately 0.16% of BlackRock MuniAssets Fund worth $749,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. CWM LLC increased its holdings 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 worth $67,000 after acquiring an additional 2,625 shares in the last quarter. Cetera Advisors LLC purchased a new stake in BlackRock MuniAssets Fund in the 1st quarter worth approximately $114,000. Creative Planning purchased a new stake in BlackRock MuniAssets Fund in the 3rd quarter worth approximately $128,000. Financial Counselors Inc. purchased a new stake in BlackRock MuniAssets Fund in the 2nd quarter worth approximately $152,000. Finally, PFG Investments LLC purchased a new stake in BlackRock MuniAssets Fund in the 2nd quarter worth approximately $157,000. Hedge funds and other institutional investors own 20.38% of the company's stock.

BlackRock MuniAssets Fund Trading Down 1.1 %

BlackRock MuniAssets Fund stock traded down $0.13 during midday trading on Friday, hitting $11.68. The stock had a trading volume of 185,398 shares, compared to its average volume of 82,918. The firm's fifty day moving average is $12.19 and its two-hundred day moving average is $11.64. BlackRock MuniAssets Fund, Inc. has a 52-week low of $8.61 and a 52-week high of $12.69.

BlackRock MuniAssets Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 15th will be paid a $0.0555 dividend. The ex-dividend date is Tuesday, October 15th. This represents a $0.67 annualized dividend and a yield of 5.70%.

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.