Rivernorth Capital Management LLC Sells 825,712 Shares of BlackRock MuniAssets Fund, Inc. (NYSE:MUA)

Rivernorth Capital Management LLC decreased its holdings in BlackRock MuniAssets Fund, Inc. (NYSE:MUA - Free Report) by 90.3% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 89,135 shares of the investment management company's stock after selling 825,712 shares during the quarter. Rivernorth Capital Management LLC owned 0.23% of BlackRock MuniAssets Fund worth $1,105,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sanctuary Advisors LLC boosted its stake in 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 valued at $215,000 after buying an additional 2,150 shares in the last quarter. CWM LLC grew its holdings in shares of 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 purchasing an additional 2,625 shares during the last quarter. Rockefeller Capital Management L.P. increased its position 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 in the last quarter. PNC Financial Services Group Inc. lifted its holdings in 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 valued at $1,542,000 after purchasing an additional 7,850 shares during the last quarter. Finally, Cetera Advisors LLC acquired a new position in BlackRock MuniAssets Fund in the first quarter valued at about $114,000. 20.38% of the stock is owned by institutional investors.

BlackRock MuniAssets Fund Trading Down 0.8 %

MUA stock traded down $0.09 during midday trading on Friday, reaching $11.62. 58,150 shares of the company's stock traded hands, compared to its average volume of 82,851. The company has a 50-day simple moving average of $12.07 and a two-hundred day simple moving average of $11.85. BlackRock MuniAssets Fund, Inc. has a 1-year low of $10.38 and a 1-year high of $12.69.

BlackRock MuniAssets Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be paid a dividend of $0.0555 per share. The ex-dividend date is Monday, December 16th. This represents a $0.67 annualized dividend and a dividend yield of 5.73%.

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.