Royal Bank of Canada Has $1.82 Million Holdings in BlackRock MuniAssets Fund, Inc. $MUA

Royal Bank of Canada increased its position in shares of BlackRock MuniAssets Fund, Inc. (NYSE:MUA) by 89.2% in the 1st quarter, HoldingsChannel reports. The firm owned 171,937 shares of the investment management company’s stock after acquiring an additional 81,069 shares during the quarter. Royal Bank of Canada’s holdings in BlackRock MuniAssets Fund were worth $1,824,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Kestra Advisory Services LLC bought a new position in BlackRock MuniAssets Fund in the 4th quarter valued at about $50,000. Hollencrest Capital Management acquired a new stake in shares of BlackRock MuniAssets Fund during the 1st quarter worth approximately $52,000. Northwestern Mutual Wealth Management Co. increased its stake in BlackRock MuniAssets Fund by 212.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 7,003 shares of the investment management company’s stock valued at $73,000 after acquiring an additional 4,761 shares during the last quarter. Advisory Services Network LLC acquired a new position in BlackRock MuniAssets Fund during the third quarter valued at approximately $75,000. Finally, Fifth Third Bancorp bought a new stake in BlackRock MuniAssets Fund during the first quarter worth $95,000. 20.38% of the stock is currently owned by institutional investors and hedge funds.

BlackRock MuniAssets Fund Stock Performance

Shares of MUA stock opened at $10.06 on Wednesday. BlackRock MuniAssets Fund, Inc. has a twelve month low of $10.02 and a twelve month high of $11.79. The business has a fifty day simple moving average of $10.59 and a 200 day simple moving average of $10.71.

BlackRock MuniAssets Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be given a $0.0555 dividend. The ex-dividend date is Tuesday, September 15th. This represents a c) dividend on an annualized basis and a yield of 6.6%.

BlackRock MuniAssets Fund Company Profile

BlackRock MuniAssets Fund, Inc (NYSE: MUA) is a closed-end management investment company that seeks to provide current income exempt from federal income tax. Managed by BlackRock, one of the world’s leading investment managers, the fund primarily invests in a diversified portfolio of investment-grade municipal debt obligations. Its holdings typically include general obligation and revenue bonds issued by state and local governments, utilities, and infrastructure entities across the United States.

The fund employs a combination of active security selection and duration management to navigate changing interest rate and credit environments.