1,378,675 Shares of BlackRock MuniAssets Fund, Inc. $MUA Purchased by Bank of America Corp DE

Key Points

• Bank of America purchased 1,378,675 shares of BlackRock MuniAssets Fund during the second quarter, valued at approximately $15.2 million and representing a 2.74% ownership stake.
• Other institutional investors also increased or initiated positions in MUA, bringing total institutional ownership to 20.38%.
• MUA traded at $9.50, near its 12-month low, while maintaining a monthly dividend of $0.0555 per share, equivalent to an annualized yield of approximately 7.0%.

Bank of America Corp DE purchased a new position in shares of BlackRock MuniAssets Fund, Inc. (NYSE:MUA - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 1,378,675 shares of the investment management company's stock, valued at approximately $15,179,000. Bank of America Corp DE owned 2.74% of BlackRock MuniAssets Fund at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of MUA. Rivernorth Capital Management LLC boosted its position in shares of BlackRock MuniAssets Fund by 51.4% during the first quarter. Rivernorth Capital Management LLC now owns 312,410 shares of the investment management company's stock worth $3,315,000 after buying an additional 106,043 shares during the period. Royal Bank of Canada raised its position in BlackRock MuniAssets Fund by 89.2% in the 1st quarter. Royal Bank of Canada now owns 171,937 shares of the investment management company's stock valued at $1,824,000 after buying an additional 81,069 shares during the last quarter. Absolute Investment Advisers LLC acquired a new stake in BlackRock MuniAssets Fund in the 1st quarter valued at approximately $1,349,000. Allworth Financial LP bought a new stake in BlackRock MuniAssets Fund in the 2nd quarter valued at approximately $256,000. Finally, Northwestern Mutual Wealth Management Co. bought a new stake in BlackRock MuniAssets Fund in the 2nd quarter valued at approximately $280,000. Institutional investors own 20.38% of the company's stock.

BlackRock MuniAssets Fund Stock Down 0.4%

NYSE:MUA opened at $9.50 on Friday. BlackRock MuniAssets Fund, Inc. has a twelve month low of $9.43 and a twelve month high of $11.34. The business has a 50 day moving average price of $10.06 and a two-hundred day moving average price of $10.48.

BlackRock MuniAssets Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, December 22nd. Stockholders of record on Friday, December 11th will be given a $0.0555 dividend. This represents a $0.67 dividend on an annualized basis and a dividend yield of 7.0%. The ex-dividend date of this dividend is Friday, December 11th.

BlackRock MuniAssets Fund Company Profile

BlackRock MuniAssets Fund, Inc NYSE: MUA is a closed-end management investment company managed by BlackRock Advisors, LLC. The fund seeks to provide investors with current income that is exempt from regular federal income tax by investing primarily in municipal bonds and other tax-exempt municipal obligations.

The fund's portfolio may include bonds issued by states, cities, counties, municipalities and other public entities across the United States. These securities generally finance public infrastructure and services, such as transportation, utilities, education, healthcare and housing.

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