Keudell Morrison Wealth Management Has $434,000 Stake in BlackRock MuniAssets Fund, Inc. $MUA

Keudell Morrison Wealth Management lifted its stake in shares of BlackRock MuniAssets Fund, Inc. (NYSE:MUA) by 22.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,691 shares of the investment management company’s stock after purchasing an additional 7,655 shares during the quarter. Keudell Morrison Wealth Management’s holdings in BlackRock MuniAssets Fund were worth $434,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Farther Finance Advisors LLC boosted its holdings in BlackRock MuniAssets Fund by 4,225.5% in the 1st quarter. Farther Finance Advisors LLC now owns 8,651 shares of the investment management company’s stock worth $94,000 after buying an additional 8,451 shares during the period. CX Institutional bought a new stake in shares of BlackRock MuniAssets Fund during the 1st quarter valued at about $87,000. Noble Wealth Management PBC bought a new stake in BlackRock MuniAssets Fund during the first quarter worth about $493,000. Janney Montgomery Scott LLC bought a new stake in BlackRock MuniAssets Fund during the first quarter worth about $166,000. Finally, Advisor Resource Council bought a new position in shares of BlackRock MuniAssets Fund in the first quarter worth approximately $263,000. Hedge funds and other institutional investors own 20.38% of the company’s stock.

BlackRock MuniAssets Fund Stock Down 0.4%

Shares of MUA stock opened at $11.06 on Friday. The company has a 50 day simple moving average of $10.86 and a two-hundred day simple moving average of $10.50. BlackRock MuniAssets Fund, Inc. has a 12 month low of $9.60 and a 12 month high of $12.69.

BlackRock MuniAssets Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, November 3rd. Investors of record on Wednesday, October 15th will be issued a dividend of $0.0555 per share. The ex-dividend date is Wednesday, October 15th. This represents a c) dividend on an annualized basis and a yield of 6.0%.

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.