BlackRock MuniAssets Fund, Inc. (NYSE:MUA – Get Free Report) announced a monthly dividend on Friday, November 17th, Wall Street Journal reports. Shareholders of record on Thursday, February 15th will be given a dividend of 0.0555 per share by the investment management company on Friday, March 1st. This represents a $0.67 dividend on an annualized basis and a yield of 6.68%. The ex-dividend date of this dividend is Wednesday, February 14th.
BlackRock MuniAssets Fund Price Performance
NYSE MUA traded up $0.12 during trading on Friday, reaching $9.97. The company’s stock had a trading volume of 168,184 shares, compared to its average volume of 89,519. The business has a 50-day moving average price of $9.15 and a 200-day moving average price of $9.77. BlackRock MuniAssets Fund has a 1-year low of $8.61 and a 1-year high of $11.60.
Institutional Trading of BlackRock MuniAssets Fund
A number of institutional investors have recently added to or reduced their stakes in the business. Creative Planning acquired a new stake in BlackRock MuniAssets Fund in the third quarter valued at approximately $178,000. Royal Bank of Canada lifted its stake in shares of BlackRock MuniAssets Fund by 91.7% in the second quarter. Royal Bank of Canada now owns 57,273 shares of the investment management company’s stock worth $583,000 after buying an additional 27,404 shares during the last quarter. Rockefeller Capital Management L.P. lifted its stake in shares of BlackRock MuniAssets Fund by 22.7% in the second quarter. Rockefeller Capital Management L.P. now owns 135,301 shares of the investment management company’s stock worth $1,377,000 after buying an additional 25,037 shares during the last quarter. Osaic Holdings Inc. lifted its stake in shares of BlackRock MuniAssets Fund by 8.9% in the second quarter. Osaic Holdings Inc. now owns 320,524 shares of the investment management company’s stock worth $3,262,000 after buying an additional 26,269 shares during the last quarter. Finally, Bank of New York Mellon Corp acquired a new stake in shares of BlackRock MuniAssets Fund in the second quarter worth $323,000. 17.42% of the stock is currently owned by institutional investors and hedge funds.
BlackRock MuniAssets Fund Company 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.
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