BlackRock MuniAssets Fund (NYSE:MUA) Stock Price Crosses Below 200-Day Moving Average – Time to Sell?

BlackRock MuniAssets Fund, Inc. (NYSE:MUA)’s share price crossed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $10.42 and traded as low as $9.50. BlackRock MuniAssets Fund shares last traded at $9.5350, with a volume of 335,334 shares traded.

BlackRock MuniAssets Fund Stock Up 0.3%

The stock has a fifty day moving average of $9.92 and a 200-day moving average of $10.42.

BlackRock MuniAssets Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, December 22nd. Shareholders of record on Friday, December 11th will be paid a $0.0555 dividend. This represents a $0.67 annualized dividend and a yield of 7.0%. The ex-dividend date is Friday, December 11th.

Institutional Investors Weigh In On BlackRock MuniAssets Fund

Several large investors have recently modified their holdings of the company. Rivernorth Capital Management LLC boosted its stake in 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 purchasing an additional 555,694 shares during the period. Bank of America Corp DE acquired a new position in shares of BlackRock MuniAssets Fund in the second quarter valued at approximately $15,179,000. Robinson Capital Management LLC increased its holdings in shares of BlackRock MuniAssets Fund by 42.0% in the second quarter. Robinson Capital Management LLC now owns 183,406 shares of the investment management company’s stock valued at $2,008,000 after purchasing an additional 54,283 shares during the period. Van ECK Associates Corp raised its stake in shares of BlackRock MuniAssets Fund by 27.0% during the second quarter. Van ECK Associates Corp now owns 428,231 shares of the investment management company’s stock worth $4,715,000 after purchasing an additional 90,992 shares during the last quarter. Finally, Royal Bank of Canada lifted its holdings in shares of BlackRock MuniAssets Fund by 89.2% during the first quarter. Royal Bank of Canada now owns 171,937 shares of the investment management company’s stock worth $1,824,000 after purchasing an additional 81,069 shares during the period. 20.38% of the stock is owned by institutional investors and hedge funds.

About BlackRock MuniAssets Fund

BlackRock MuniAssets Fund, Inc (NYSE: MUA) is a closed-end investment company managed by BlackRock Advisors, LLC. The fund’s primary objective is to provide current income that is exempt from regular U.S. federal income tax.

The fund invests primarily in municipal bonds and other municipal obligations issued by states, territories, municipalities and governmental authorities in the United States. Its portfolio may include general obligation bonds, revenue bonds and other tax-exempt securities, with the selection of investments focused on supporting the fund’s income objective while managing credit and interest-rate risks.

BlackRock MuniAssets Fund is designed for investors seeking tax-exempt income through a professionally managed portfolio of municipal securities.