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

BlackRock MuniAssets Fund, Inc. (NYSE:MUA) announced a monthly dividend on Thursday, September 10th. Shareholders of record on Thursday, October 15th will be paid a dividend of 0.0555 per share by the investment management company on Monday, November 2nd. This represents a c) annualized dividend and a yield of 6.8%. The ex-dividend date is Thursday, October 15th.

BlackRock MuniAssets Fund Stock Down 1.0%

Shares of BlackRock MuniAssets Fund stock opened at $9.74 on Friday. The stock’s fifty day moving average is $10.31 and its two-hundred day moving average is $10.57. BlackRock MuniAssets Fund has a 52 week low of $9.71 and a 52 week high of $11.79.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Bank of America Corp DE bought a new stake in shares of BlackRock MuniAssets Fund in the second quarter valued at about $15,179,000. Rivernorth Capital Management LLC raised its position in shares of BlackRock MuniAssets Fund by 177.9% in the 2nd quarter. Rivernorth Capital Management LLC now owns 868,104 shares of the investment management company’s stock worth $9,451,000 after acquiring an additional 555,694 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in shares of BlackRock MuniAssets Fund by 3,439.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 247,897 shares of the investment management company’s stock worth $2,655,000 after purchasing an additional 240,894 shares during the last quarter. Advisors Asset Management Inc. boosted its position in BlackRock MuniAssets Fund by 77.8% during the fourth quarter. Advisors Asset Management Inc. now owns 384,686 shares of the investment management company’s stock valued at $4,120,000 after purchasing an additional 168,356 shares in the last quarter. Finally, Absolute Investment Advisers LLC purchased a new position in BlackRock MuniAssets Fund in the first quarter valued at about $1,349,000. 20.38% of the stock is currently owned by hedge funds and other institutional investors.

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.