BlackRock MuniAssets Fund (NYSE:MUA) Stock Price Passes Below 200-Day Moving Average – Here’s Why

BlackRock MuniAssets Fund, Inc. (NYSE:MUA) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $11.83 and traded as low as $10.83. BlackRock MuniAssets Fund shares last traded at $10.88, with a volume of 93,503 shares.

BlackRock MuniAssets Fund Stock Down 1.9 %

The business’s fifty day moving average price is $11.65 and its 200 day moving average price is $11.83.

BlackRock MuniAssets Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Wednesday, January 15th will be given a $0.0555 dividend. The ex-dividend date is Wednesday, January 15th. This represents a $0.67 dividend on an annualized basis and a yield of 6.12%.

Hedge Funds Weigh In On BlackRock MuniAssets Fund

Large investors have recently modified their holdings of the business. PFG Investments LLC bought a new position in BlackRock MuniAssets Fund during the 2nd quarter worth $157,000. Sanctuary Advisors LLC acquired a new stake in shares of BlackRock MuniAssets Fund in the second quarter valued at about $171,000. CWM LLC raised its position in shares of BlackRock MuniAssets Fund by 94.1% during the third 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 last quarter. Creative Planning acquired a new position in shares of BlackRock MuniAssets Fund in the third quarter worth approximately $128,000. Finally, Pathway Financial Advisers LLC increased its position in BlackRock MuniAssets Fund by 1,152.5% during the 3rd quarter. Pathway Financial Advisers LLC now owns 60,371 shares of the investment management company’s stock valued at $749,000 after purchasing an additional 55,551 shares during the period. Institutional investors own 20.38% of the company’s stock.

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.