Hennion & Walsh Asset Management Inc. Acquires 224,943 Shares of BlackRock MuniAssets Fund, Inc. $MUA

Key Points

• Hennion & Walsh Asset Management increased its stake in BlackRock MuniAssets Fund (NYSE: MUA) by 29.9% in Q4, buying 224,943 shares to hold 976,962 shares valued at about $10,463,000.
• The fund announced a monthly dividend of $0.0555 per share payable July 1 (record/ex-dividend date June 15), implying an annualized yield of approximately 6.4%.
• Multiple other institutions also raised positions and institutional ownership is 20.38%; MUA shares trade near $10.40 with a 52‑week range of $9.60–$11.79.

Hennion & Walsh Asset Management Inc. increased its holdings in shares of BlackRock MuniAssets Fund, Inc. (NYSE:MUA - Free Report) by 29.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 976,962 shares of the investment management company's stock after purchasing an additional 224,943 shares during the quarter. Hennion & Walsh Asset Management Inc.'s holdings in BlackRock MuniAssets Fund were worth $10,463,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bank of America Corp DE lifted its position in BlackRock MuniAssets Fund by 18.3% during the 3rd quarter. Bank of America Corp DE now owns 1,490,043 shares of the investment management company's stock worth $16,539,000 after buying an additional 230,972 shares in the last quarter. Advisors Asset Management Inc. grew its holdings in shares of BlackRock MuniAssets Fund by 105.0% in the 3rd quarter. Advisors Asset Management Inc. now owns 216,330 shares of the investment management company's stock valued at $2,401,000 after acquiring an additional 110,795 shares in the last quarter. Wealth Alliance LLC acquired a new stake in shares of BlackRock MuniAssets Fund in the third quarter valued at about $704,000. Commonwealth Equity Services LLC increased its position in shares of BlackRock MuniAssets Fund by 14.5% in the third quarter. Commonwealth Equity Services LLC now owns 481,341 shares of the investment management company's stock valued at $5,343,000 after acquiring an additional 60,978 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings in BlackRock MuniAssets Fund by 32.9% during the third quarter. PNC Financial Services Group Inc. now owns 230,843 shares of the investment management company's stock worth $2,562,000 after acquiring an additional 57,181 shares in the last quarter. 20.38% of the stock is currently owned by institutional investors and hedge funds.

BlackRock MuniAssets Fund Price Performance

Shares of NYSE MUA opened at $10.40 on Monday. The stock has a 50 day moving average price of $10.94 and a 200 day moving average price of $10.91. BlackRock MuniAssets Fund, Inc. has a 52 week low of $9.60 and a 52 week high of $11.79.

BlackRock MuniAssets Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 15th will be paid a dividend of $0.0555 per share. The ex-dividend date is Monday, June 15th. This represents a c) dividend on an annualized basis and a dividend yield of 6.4%.

About BlackRock MuniAssets Fund

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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