BlackRock MuniAssets Fund (NYSE:MUA) Stock Price Crosses Below 200-Day Moving Average – Here’s What Happened

Shares of BlackRock MuniAssets Fund, Inc. (NYSE:MUA) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $11.59 and traded as low as $10.87. BlackRock MuniAssets Fund shares last traded at $10.94, with a volume of 120,916 shares.

BlackRock MuniAssets Fund Stock Down 0.5 %

The stock has a 50-day simple moving average of $11.01 and a 200 day simple moving average of $11.57.

BlackRock MuniAssets Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be given a $0.0555 dividend. This represents a $0.67 annualized dividend and a yield of 6.16%. The ex-dividend date is Friday, March 14th.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Bank of America Corp DE lifted its position in BlackRock MuniAssets Fund by 10.1% during the 4th quarter. Bank of America Corp DE now owns 1,152,278 shares of the investment management company’s stock worth $12,721,000 after buying an additional 106,107 shares in the last quarter. Guggenheim Capital LLC lifted its stake in shares of BlackRock MuniAssets Fund by 4.4% during the fourth quarter. Guggenheim Capital LLC now owns 1,146,514 shares of the investment management company’s stock valued at $12,658,000 after acquiring an additional 48,336 shares during the period. Mariner LLC boosted its holdings in BlackRock MuniAssets Fund by 32.8% in the fourth quarter. Mariner LLC now owns 1,110,045 shares of the investment management company’s stock valued at $12,255,000 after acquiring an additional 273,870 shares during the last quarter. Keybank National Association OH increased its position in BlackRock MuniAssets Fund by 14.2% in the fourth quarter. Keybank National Association OH now owns 1,004,022 shares of the investment management company’s stock worth $11,084,000 after purchasing an additional 124,464 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in BlackRock MuniAssets Fund during the 4th quarter valued at about $2,457,000. 20.38% 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.