Bernard Wealth Management Corp. Invests $30,000 in BlackRock MuniAssets Fund, Inc. $MUA

Bernard Wealth Management Corp. acquired a new position in shares of BlackRock MuniAssets Fund, Inc. (NYSE:MUA) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,900 shares of the investment management company’s stock, valued at approximately $30,000.

Other large investors also recently made changes to their positions in the company. ST Germain D J Co. Inc. bought a new stake in shares of BlackRock MuniAssets Fund during the second quarter worth $31,000. Ameritas Advisory Services LLC bought a new position in BlackRock MuniAssets Fund in the second quarter valued at $41,000. CX Institutional bought a new position in BlackRock MuniAssets Fund in the first quarter valued at $87,000. Farther Finance Advisors LLC grew its position in BlackRock MuniAssets Fund by 4,225.5% in the first quarter. Farther Finance Advisors LLC now owns 8,651 shares of the investment management company’s stock valued at $94,000 after purchasing an additional 8,451 shares in the last quarter. Finally, Kestra Private Wealth Services LLC bought a new position in BlackRock MuniAssets Fund in the first quarter valued at $115,000. Institutional investors own 20.38% of the company’s stock.

BlackRock MuniAssets Fund Stock Down 0.1%

BlackRock MuniAssets Fund stock opened at $10.73 on Friday. BlackRock MuniAssets Fund, Inc. has a 1-year low of $9.60 and a 1-year high of $12.69. The company has a fifty day simple moving average of $10.92 and a 200 day simple moving average of $10.51.

BlackRock MuniAssets Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, November 3rd. Stockholders of record on Wednesday, October 15th will be given a $0.0555 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 6.2%. The ex-dividend date of this dividend is Wednesday, October 15th.

About BlackRock MuniAssets Fund

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.