BlackRock MuniAssets Fund, Inc. (NYSE:MUA - Get Free Report) announced a monthly dividend on Wednesday, June 4th, Wall Street Journal reports. Shareholders of record on Friday, June 13th will be paid a dividend of 0.0555 per share by the investment management company on Tuesday, July 1st. This represents a $0.67 dividend on an annualized basis and a yield of 6.52%. The ex-dividend date is Friday, June 13th.
BlackRock MuniAssets Fund Stock Performance
NYSE:MUA traded down $0.04 during trading hours on Thursday, reaching $10.21. The company had a trading volume of 52,669 shares, compared to its average volume of 124,192. The stock has a 50-day moving average of $10.27 and a two-hundred day moving average of $10.89. BlackRock MuniAssets Fund has a one year low of $9.60 and a one year high of $12.69.
Institutional Trading of BlackRock MuniAssets Fund
A hedge fund recently raised its stake in BlackRock MuniAssets Fund stock. Royal Bank of Canada increased its position in shares of BlackRock MuniAssets Fund, Inc. (NYSE:MUA - Free Report) by 21.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 102,310 shares of the investment management company's stock after acquiring an additional 18,157 shares during the quarter. Royal Bank of Canada owned about 0.26% of BlackRock MuniAssets Fund worth $1,108,000 at the end of the most recent quarter. Institutional investors and hedge funds own 20.38% of the company's stock.
About BlackRock MuniAssets Fund
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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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