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

BlackRock MuniAssets Fund, Inc. (NYSE:MUA) announced a monthly dividend on Friday, June 5th. Investors of record on Wednesday, July 15th will be given a dividend of 0.0555 per share by the investment management company on Monday, August 3rd. This represents a c) dividend on an annualized basis and a dividend yield of 6.1%. The ex-dividend date is Wednesday, July 15th.

BlackRock MuniAssets Fund Stock Performance

Shares of NYSE MUA opened at $10.94 on Monday. The firm’s 50-day simple moving average is $10.74 and its 200 day simple moving average is $10.79. BlackRock MuniAssets Fund has a fifty-two week low of $10.02 and a fifty-two week high of $11.79.

Institutional Trading of BlackRock MuniAssets Fund

A number of institutional investors have recently made changes to their positions in MUA. Kestra Advisory Services LLC acquired a new position in shares of BlackRock MuniAssets Fund during the fourth quarter valued at approximately $50,000. Hollencrest Capital Management bought a new stake in BlackRock MuniAssets Fund in the first quarter worth about $52,000. Advisory Services Network LLC acquired a new stake in BlackRock MuniAssets Fund in the 3rd quarter valued at about $75,000. Northwestern Mutual Wealth Management Co. lifted its holdings in BlackRock MuniAssets Fund by 212.4% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 7,003 shares of the investment management company’s stock valued at $73,000 after acquiring an additional 4,761 shares during the last quarter. Finally, Fifth Third Bancorp acquired a new stake in BlackRock MuniAssets Fund during the first quarter valued at approximately $95,000. 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 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.