Mpwm Advisory Solutions LLC Acquires New Stake in BlackRock MuniAssets Fund, Inc. (NYSE:MUA)

Mpwm Advisory Solutions LLC bought a new stake in BlackRock MuniAssets Fund, Inc. (NYSE:MUA - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 90,877 shares of the investment management company's stock, valued at approximately $1,003,000. BlackRock MuniAssets Fund accounts for about 0.7% of Mpwm Advisory Solutions LLC's portfolio, making the stock its 24th largest holding. Mpwm Advisory Solutions LLC owned 0.24% of BlackRock MuniAssets Fund as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in MUA. Steward Partners Investment Advisory LLC lifted its position in BlackRock MuniAssets Fund by 1.5% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 74,735 shares of the investment management company's stock valued at $825,000 after purchasing an additional 1,139 shares during the last quarter. HighTower Advisors LLC increased its stake in shares of BlackRock MuniAssets Fund by 4.3% in the fourth quarter. HighTower Advisors LLC now owns 36,421 shares of the investment management company's stock valued at $402,000 after purchasing an additional 1,500 shares during the period. Oarsman Capital Inc. raised its holdings in shares of BlackRock MuniAssets Fund by 9.2% during the fourth quarter. Oarsman Capital Inc. now owns 31,270 shares of the investment management company's stock valued at $345,000 after buying an additional 2,623 shares during the last quarter. Measured Risk Portfolios Inc. bought a new stake in shares of BlackRock MuniAssets Fund during the fourth quarter valued at approximately $49,000. Finally, Cetera Investment Advisers boosted its position in shares of BlackRock MuniAssets Fund by 22.0% during the fourth quarter. Cetera Investment Advisers now owns 27,730 shares of the investment management company's stock worth $306,000 after buying an additional 4,997 shares during the period. 20.38% of the stock is owned by institutional investors.

BlackRock MuniAssets Fund Stock Down 0.2%

MUA traded down $0.02 during trading hours on Friday, hitting $10.17. The company's stock had a trading volume of 76,855 shares, compared to its average volume of 102,841. The company has a 50-day simple moving average of $10.36 and a 200 day simple moving average of $10.99. BlackRock MuniAssets Fund, Inc. has a fifty-two week low of $9.60 and a fifty-two week high of $12.69.

BlackRock MuniAssets Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Thursday, May 15th will be issued a dividend of $0.0555 per share. This represents a $0.67 dividend on an annualized basis and a dividend yield of 6.55%. The ex-dividend date of this dividend is Thursday, May 15th.

About BlackRock MuniAssets Fund

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.