Bank of America Corp DE Has $12.72 Million Stake in BlackRock MuniAssets Fund, Inc. (NYSE:MUA)

Bank of America Corp DE boosted its stake in shares of BlackRock MuniAssets Fund, Inc. (NYSE:MUA - Free Report) by 10.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,152,278 shares of the investment management company's stock after purchasing an additional 106,107 shares during the quarter. Bank of America Corp DE owned approximately 2.98% of BlackRock MuniAssets Fund worth $12,721,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Guggenheim Capital LLC lifted its holdings in BlackRock MuniAssets Fund by 4.4% in the fourth quarter. Guggenheim Capital LLC now owns 1,146,514 shares of the investment management company's stock worth $12,658,000 after purchasing an additional 48,336 shares during the period. Mariner LLC grew its holdings in shares of BlackRock MuniAssets Fund by 32.8% in the 4th quarter. Mariner LLC now owns 1,110,045 shares of the investment management company's stock worth $12,255,000 after acquiring an additional 273,870 shares during the last quarter. Keybank National Association OH raised its holdings in BlackRock MuniAssets Fund by 14.2% during the 4th quarter. Keybank National Association OH now owns 1,004,022 shares of the investment management company's stock worth $11,084,000 after buying an additional 124,464 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of BlackRock MuniAssets Fund in the 4th quarter valued at approximately $2,457,000. Finally, Van ECK Associates Corp grew its holdings in shares of BlackRock MuniAssets Fund by 8.3% during the fourth quarter. Van ECK Associates Corp now owns 173,978 shares of the investment management company's stock valued at $1,921,000 after buying an additional 13,261 shares in the last quarter. Institutional investors own 20.38% of the company's stock.

BlackRock MuniAssets Fund Price Performance

Shares of NYSE MUA traded down $0.01 during mid-day trading on Wednesday, reaching $10.26. The company had a trading volume of 4,468 shares, compared to its average volume of 125,676. BlackRock MuniAssets Fund, Inc. has a 12-month low of $9.60 and a 12-month high of $12.69. The stock has a fifty day moving average of $10.34 and a two-hundred day moving average of $10.96.

BlackRock MuniAssets Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, June 2nd. Investors of record on Thursday, May 15th will be given a dividend of $0.0555 per share. The ex-dividend date is Thursday, May 15th. This represents a $0.67 dividend on an annualized basis and a yield of 6.49%.

BlackRock MuniAssets Fund Profile

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.