Raymond James Financial Inc. Purchases Shares of 222,520 BlackRock MuniAssets Fund, Inc. (NYSE:MUA)

Raymond James Financial Inc. bought a new position in shares of BlackRock MuniAssets Fund, Inc. (NYSE:MUA - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 222,520 shares of the investment management company's stock, valued at approximately $2,457,000. Raymond James Financial Inc. owned 0.58% of BlackRock MuniAssets Fund at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Steward Partners Investment Advisory LLC raised its holdings in BlackRock MuniAssets Fund by 1.5% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 74,735 shares of the investment management company's stock worth $825,000 after purchasing an additional 1,139 shares during the last quarter. Sanctuary Advisors LLC boosted its position in shares of BlackRock MuniAssets Fund by 13.7% in the 3rd quarter. Sanctuary Advisors LLC now owns 17,869 shares of the investment management company's stock worth $215,000 after buying an additional 2,150 shares in the last quarter. Keybank National Association OH grew its stake in BlackRock MuniAssets Fund by 14.2% in the 4th quarter. Keybank National Association OH now owns 1,004,022 shares of the investment management company's stock valued at $11,084,000 after acquiring an additional 124,464 shares during the last quarter. Van ECK Associates Corp increased its holdings in BlackRock MuniAssets Fund by 8.3% during 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 acquiring an additional 13,261 shares in the last quarter. Finally, Wolverine Asset Management LLC acquired a new position in BlackRock MuniAssets Fund during the fourth quarter worth about $60,000. 20.38% of the stock is owned by hedge funds and other institutional investors.

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BlackRock MuniAssets Fund Stock Up 0.2 %

Shares of MUA stock traded up $0.02 during trading hours on Wednesday, hitting $10.94. The company's stock had a trading volume of 98,185 shares, compared to its average volume of 95,290. The business has a fifty day moving average of $10.98 and a 200-day moving average of $11.52. BlackRock MuniAssets Fund, Inc. has a twelve month low of $10.64 and a twelve month high of $12.69.

BlackRock MuniAssets Fund Announces Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th were issued a dividend of $0.0555 per share. This represents a $0.67 dividend on an annualized basis and a yield of 6.09%. The ex-dividend date was Friday, March 14th.

BlackRock MuniAssets Fund 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.