Hennion & Walsh Asset Management Inc. Invests $1.79 Million in BlackRock MuniAssets Fund, Inc. (NYSE:MUA)

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

Several other large investors have also recently added to or reduced their stakes in MUA. Mariner LLC increased its position in BlackRock MuniAssets Fund by 32.8% in the fourth quarter. Mariner LLC now owns 1,110,045 shares of the investment management company's stock worth $12,255,000 after buying an additional 273,870 shares during the period. Raymond James Financial Inc. acquired a new stake in BlackRock MuniAssets Fund in the fourth quarter worth $2,457,000. Keybank National Association OH increased its position in BlackRock MuniAssets Fund by 14.2% in the fourth 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. Bank of America Corp DE increased its position in BlackRock MuniAssets Fund by 10.1% in the fourth quarter. Bank of America Corp DE now owns 1,152,278 shares of the investment management company's stock worth $12,721,000 after buying an additional 106,107 shares during the period. Finally, Mpwm Advisory Solutions LLC acquired a new stake in BlackRock MuniAssets Fund in the fourth quarter worth $1,003,000. 20.38% of the stock is currently owned by institutional investors.

BlackRock MuniAssets Fund Price Performance

NYSE MUA traded up $0.05 during trading hours on Monday, hitting $10.20. The company had a trading volume of 78,019 shares, compared to its average volume of 103,303. BlackRock MuniAssets Fund, Inc. has a fifty-two week low of $9.60 and a fifty-two week high of $12.69. The business has a fifty day simple moving average of $10.24 and a 200-day simple moving average of $10.85.

BlackRock MuniAssets Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, June 13th will be paid a $0.0555 dividend. The ex-dividend date is Friday, June 13th. This represents a $0.67 annualized dividend and a dividend yield of 6.53%.

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.