BlackRock MuniAssets Fund, Inc. (NYSE:MUA) Announces Monthly Dividend of $0.06

BlackRock MuniAssets Fund, Inc. (NYSE:MUA) declared a monthly dividend on Thursday, September 10th. Stockholders of record on Friday, November 13th will be paid a dividend of $0.0555 per share by the investment management company on Tuesday, December 1st. This represents a $0.67 dividend on an annualized basis and a dividend yield of 6.9%. The ex-dividend date is Friday, November 13th.

BlackRock MuniAssets Fund Price Performance

Shares of MUA stock opened at $9.72 on Wednesday. The stock’s 50 day simple moving average is $9.62 and its 200 day simple moving average is $10.41. BlackRock MuniAssets Fund has a twelve month low of $9.13 and a twelve month high of $11.26.

Hedge Funds Weigh In On BlackRock MuniAssets Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MUA. Bank of America Corp DE acquired a new stake in shares of BlackRock MuniAssets Fund in the second quarter worth $15,179,000. Rivernorth Capital Management LLC boosted its holdings in shares of BlackRock MuniAssets Fund by 177.9% during the 2nd quarter. Rivernorth Capital Management LLC now owns 868,104 shares of the investment management company’s stock worth $9,451,000 after buying an additional 555,694 shares during the period. Van ECK Associates Corp grew its stake in BlackRock MuniAssets Fund by 27.0% in the 2nd quarter. Van ECK Associates Corp now owns 428,231 shares of the investment management company’s stock valued at $4,715,000 after buying an additional 90,992 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in BlackRock MuniAssets Fund by 8.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 280,957 shares of the investment management company’s stock valued at $2,981,000 after buying an additional 22,632 shares during the last quarter. Finally, Robinson Capital Management LLC grew its stake in BlackRock MuniAssets Fund by 42.0% in the 2nd quarter. Robinson Capital Management LLC now owns 183,406 shares of the investment management company’s stock valued at $2,008,000 after buying an additional 54,283 shares during the last quarter. Institutional investors and hedge funds own 20.38% of the company’s stock.

BlackRock MuniAssets Fund Company Profile

BlackRock MuniAssets Fund, Inc. is a closed-end investment fund managed by BlackRock. Rather than operating a business, it invests in a portfolio of municipal securities issued by U.S. state and local governments and related entities. The fund’s investment objective is to provide a high level of current income that is exempt from regular federal income tax, consistent with its investment policies. Its portfolio primarily comprises municipal obligations, whose proceeds may support public projects and services such as transportation, education, utilities and health care.