Pathway Financial Advisers LLC Increases Position in BlackRock MuniAssets Fund, Inc. (NYSE:MUA)

Pathway Financial Advisers LLC raised its position in BlackRock MuniAssets Fund, Inc. (NYSE:MUA - Free Report) by 1,152.5% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 60,371 shares of the investment management company's stock after acquiring an additional 55,551 shares during the period. Pathway Financial Advisers LLC owned approximately 0.16% of BlackRock MuniAssets Fund worth $749,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in MUA. Creative Planning purchased a new position in shares of BlackRock MuniAssets Fund during the 3rd quarter worth approximately $128,000. CWM LLC lifted its holdings in BlackRock MuniAssets Fund by 94.1% in the third quarter. CWM LLC now owns 5,415 shares of the investment management company's stock valued at $67,000 after acquiring an additional 2,625 shares during the period. Sanctuary Advisors LLC purchased a new stake in shares of BlackRock MuniAssets Fund during the 2nd quarter worth $171,000. PFG Investments LLC acquired a new position in shares of BlackRock MuniAssets Fund during the 2nd quarter worth $157,000. Finally, Financial Counselors Inc. acquired a new position in shares of BlackRock MuniAssets Fund during the 2nd quarter worth $152,000. Hedge funds and other institutional investors own 20.38% of the company's stock.

BlackRock MuniAssets Fund Stock Up 1.6 %

Shares of NYSE MUA traded up $0.18 during midday trading on Thursday, hitting $11.67. The company had a trading volume of 120,097 shares, compared to its average volume of 83,198. BlackRock MuniAssets Fund, Inc. has a twelve month low of $8.69 and a twelve month high of $12.69. The business has a 50-day simple moving average of $12.18 and a two-hundred day simple moving average of $11.64.

BlackRock MuniAssets Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 15th will be issued a $0.0555 dividend. This represents a $0.67 dividend on an annualized basis and a dividend yield of 5.71%. The ex-dividend date of this dividend is Tuesday, October 15th.

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.