Blackrock Muniassets Fund, Inc. (NYSE:MUA)’s share price reached a new 52-week high during trading on Wednesday . The company traded as high as $15.54 and last traded at $15.54, with a volume of 596 shares. The stock had previously closed at $15.29.
The firm also recently disclosed a monthly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, June 14th will be paid a $0.0545 dividend. This represents a $0.65 dividend on an annualized basis and a yield of 4.22%. The ex-dividend date of this dividend is Thursday, June 13th.
A number of institutional investors have recently bought and sold shares of MUA. Advisor Group Inc. lifted its stake in shares of Blackrock Muniassets Fund by 49.9% during the fourth quarter. Advisor Group Inc. now owns 35,626 shares of the investment management company’s stock valued at $458,000 after acquiring an additional 11,857 shares during the period. LPL Financial LLC lifted its stake in shares of Blackrock Muniassets Fund by 6.0% during the fourth quarter. LPL Financial LLC now owns 25,686 shares of the investment management company’s stock valued at $331,000 after acquiring an additional 1,462 shares during the period. Raymond James & Associates increased its holdings in Blackrock Muniassets Fund by 10.7% in the fourth quarter. Raymond James & Associates now owns 286,643 shares of the investment management company’s stock valued at $3,689,000 after purchasing an additional 27,701 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its holdings in Blackrock Muniassets Fund by 154.0% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 119,501 shares of the investment management company’s stock valued at $1,538,000 after purchasing an additional 72,455 shares during the last quarter. Finally, Two Sigma Securities LLC bought a new stake in Blackrock Muniassets Fund in the fourth quarter valued at about $201,000. 6.78% of the stock is currently owned by institutional investors.
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About Blackrock Muniassets Fund (NYSE:MUA)
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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