Hennion & Walsh Asset Management Inc. Takes Position in BlackRock MuniAssets Fund, Inc. (NYSE:MUA)

Hennion & Walsh Asset Management Inc. acquired a new position in BlackRock MuniAssets Fund, Inc. (NYSE:MUA - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 164,932 shares of the investment management company's stock, valued at approximately $1,786,000. Hennion & Walsh Asset Management Inc. owned approximately 0.43% of BlackRock MuniAssets Fund at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Measured Risk Portfolios Inc. acquired a new position in BlackRock MuniAssets Fund in the 4th quarter worth about $49,000. Wolverine Asset Management LLC acquired a new position in BlackRock MuniAssets Fund in the 4th quarter worth about $60,000. Finward Bancorp acquired a new position in BlackRock MuniAssets Fund in the 4th quarter worth about $172,000. Nomura Holdings Inc. acquired a new position in BlackRock MuniAssets Fund in the 4th quarter worth about $177,000. Finally, Envestnet Asset Management Inc. increased its position in BlackRock MuniAssets Fund by 87.4% in the 4th quarter. Envestnet Asset Management Inc. now owns 19,344 shares of the investment management company's stock worth $214,000 after purchasing an additional 9,022 shares during the last quarter. 20.38% of the stock is owned by hedge funds and other institutional investors.

BlackRock MuniAssets Fund Stock Performance

MUA stock traded down $0.07 during mid-day trading on Friday, hitting $10.16. The stock had a trading volume of 98,825 shares, compared to its average volume of 103,257. BlackRock MuniAssets Fund, Inc. has a 1-year low of $9.60 and a 1-year high of $12.69. The company has a fifty day moving average of $10.24 and a 200 day moving average of $10.86.

BlackRock MuniAssets Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, June 13th will be given a $0.0555 dividend. This represents a $0.67 annualized dividend and a yield of 6.56%. The ex-dividend date of this dividend is Friday, June 13th.

BlackRock MuniAssets Fund Company 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.