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

Key Points

• BlackRock announced a monthly dividend of $0.0555 per share (reported as $0.06) with a 6.2% yield
• Shares opened at $10.78, trade near their 50- and 200-day moving averages (~$10.87 and $10.85), and sit within a 52-week range of $9.75–$11.79.
• Several institutions recently initiated or increased stakes (including NewEdge, Beacon Pointe, XTX Topco, Rivernorth, and Balyasny), and institutional investors own about 20.38% of the fund.

BlackRock MuniAssets Fund, Inc. (NYSE:MUA - Get Free Report) announced a monthly dividend on Friday, February 27th. Investors of record on Wednesday, April 15th will be paid a dividend of 0.0555 per share by the investment management company on Friday, May 1st. This represents a c) dividend on an annualized basis and a dividend yield of 6.2%. The ex-dividend date is Wednesday, April 15th.

BlackRock MuniAssets Fund Stock Performance

Shares of NYSE MUA opened at $10.78 on Monday. The stock has a 50 day moving average price of $10.87 and a 200 day moving average price of $10.85. BlackRock MuniAssets Fund has a 52-week low of $9.75 and a 52-week high of $11.79.

Institutional Trading of BlackRock MuniAssets Fund

A number of large investors have recently modified their holdings of the company. Beacon Pointe Advisors LLC purchased a new stake in shares of BlackRock MuniAssets Fund in the fourth quarter valued at approximately $123,000. NewEdge Advisors LLC boosted its holdings in shares of BlackRock MuniAssets Fund by 26.9% in the fourth quarter. NewEdge Advisors LLC now owns 72,006 shares of the investment management company's stock valued at $771,000 after purchasing an additional 15,269 shares during the period. XTX Topco Ltd purchased a new stake in shares of BlackRock MuniAssets Fund in the fourth quarter valued at approximately $152,000. Rivernorth Capital Management LLC purchased a new stake in shares of BlackRock MuniAssets Fund in the fourth quarter valued at approximately $2,210,000. Finally, Balyasny Asset Management L.P. purchased a new stake in shares of BlackRock MuniAssets Fund in the fourth quarter valued at approximately $250,000. Hedge funds and other institutional investors own 20.38% of the company's stock.

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.

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