Pathway Financial Advisers LLC reduced its position in shares of BlackRock MuniAssets Fund, Inc. (NYSE:MUA - Free Report) by 91.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,937 shares of the investment management company's stock after selling 55,434 shares during the period. Pathway Financial Advisers LLC's holdings in BlackRock MuniAssets Fund were worth $54,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also added to or reduced their stakes in MUA. ST Germain D J Co. Inc. acquired a new stake in BlackRock MuniAssets Fund during the 4th quarter worth approximately $33,000. CWM LLC increased its stake 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 worth $67,000 after acquiring an additional 2,625 shares during the period. River Street Advisors LLC bought a new position in BlackRock MuniAssets Fund during the 4th quarter worth $119,000. Creative Planning bought a new position in BlackRock MuniAssets Fund during the 3rd quarter worth $128,000. Finally, Sanctuary Advisors LLC bought a new position in BlackRock MuniAssets Fund during the 2nd quarter worth $171,000. 20.38% of the stock is owned by institutional investors and hedge funds.
BlackRock MuniAssets Fund Trading Up 1.7 %
Shares of MUA traded up $0.19 during midday trading on Monday, hitting $11.17. The company's stock had a trading volume of 361,604 shares, compared to its average volume of 90,902. BlackRock MuniAssets Fund, Inc. has a one year low of $10.68 and a one year high of $12.69. The company's fifty day simple moving average is $11.13 and its two-hundred day simple moving average is $11.73.
BlackRock MuniAssets Fund Announces Dividend
The company also recently disclosed a monthly dividend, which will be paid on Monday, March 3rd. Investors of record on Friday, February 14th will be issued a dividend of $0.0555 per share. This represents a $0.67 annualized dividend and a dividend yield of 5.96%. The ex-dividend date of this dividend is Friday, February 14th.
BlackRock MuniAssets Fund 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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