BlackRock MuniAssets Fund, Inc. to Issue Monthly Dividend of $0.06 (NYSE:MUA)

Key Points

• BlackRock MuniAssets Fund declared a monthly dividend of $0.0555 per share, payable November 2 to shareholders of record October 15. The dividend implies an annualized yield of approximately 6.8%.
• MUA shares opened at $9.74, near their 52-week low of $9.71 and below both their 50-day moving average of $10.31 and 200-day moving average of $10.57.
• Institutional ownership stands at 20.38%, with several major investors increasing or initiating positions, including RiverNorth Capital Management, Bank of America, and Northwestern Mutual Wealth Management.

BlackRock MuniAssets Fund, Inc. (NYSE:MUA - Get Free Report) announced a monthly dividend on Thursday, September 10th. Stockholders of record on Thursday, October 15th will be given a dividend of 0.0555 per share by the investment management company on Monday, November 2nd. This represents a c) annualized dividend and a dividend yield of 6.8%. The ex-dividend date of this dividend is Thursday, October 15th.

BlackRock MuniAssets Fund Stock Performance

Shares of NYSE:MUA opened at $9.74 on Friday. The firm has a fifty day moving average price of $10.31 and a 200 day moving average price of $10.57. BlackRock MuniAssets Fund has a fifty-two week low of $9.71 and a fifty-two week high of $11.79.

Institutional Investors Weigh In On BlackRock MuniAssets Fund

Several large investors have recently made changes to their positions in MUA. Bank of America Corp DE bought a new position in BlackRock MuniAssets Fund during the second quarter valued at $15,179,000. Rivernorth Capital Management LLC lifted its holdings in shares of BlackRock MuniAssets Fund by 177.9% in the 2nd quarter. Rivernorth Capital Management LLC now owns 868,104 shares of the investment management company's stock valued at $9,451,000 after acquiring an additional 555,694 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its position in BlackRock MuniAssets Fund by 3,439.9% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 247,897 shares of the investment management company's stock worth $2,655,000 after acquiring an additional 240,894 shares in the last quarter. Advisors Asset Management Inc. grew its position in BlackRock MuniAssets Fund by 77.8% in the fourth quarter. Advisors Asset Management Inc. now owns 384,686 shares of the investment management company's stock worth $4,120,000 after acquiring an additional 168,356 shares in the last quarter. Finally, Absolute Investment Advisers LLC purchased a new stake in BlackRock MuniAssets Fund during the first quarter valued at approximately $1,349,000. 20.38% of the stock is owned by institutional investors.

BlackRock MuniAssets Fund Company Profile

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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