Noble Wealth Management PBC purchased a new stake in shares of BlackRock MuniAssets Fund, Inc. (NYSE:MUA - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 45,500 shares of the investment management company's stock, valued at approximately $493,000. Noble Wealth Management PBC owned approximately 0.12% of BlackRock MuniAssets Fund at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. Measured Risk Portfolios Inc. bought a new position in shares of BlackRock MuniAssets Fund during the 4th quarter valued at $49,000. Wolverine Asset Management LLC bought a new position in shares of BlackRock MuniAssets Fund during the 4th quarter valued at $60,000. CX Institutional bought a new position in shares of BlackRock MuniAssets Fund during the 1st quarter valued at $87,000. Farther Finance Advisors LLC raised its holdings in shares of BlackRock MuniAssets Fund by 4,225.5% during the 1st quarter. Farther Finance Advisors LLC now owns 8,651 shares of the investment management company's stock valued at $94,000 after purchasing an additional 8,451 shares in the last quarter. Finally, Finward Bancorp acquired a new position in BlackRock MuniAssets Fund in the 4th quarter valued at $172,000. Institutional investors own 20.38% of the company's stock.
BlackRock MuniAssets Fund Stock Performance
NYSE:MUA traded down $0.12 during midday trading on Friday, reaching $10.17. The stock had a trading volume of 108,407 shares, compared to its average volume of 104,184. BlackRock MuniAssets Fund, Inc. has a 1-year low of $9.60 and a 1-year high of $12.69. The firm's fifty day simple moving average is $10.21 and its 200-day simple moving average is $10.78.
BlackRock MuniAssets Fund Announces Dividend
The company also recently announced a monthly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 13th will be paid a $0.0555 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $0.67 dividend on an annualized basis and a yield of 6.55%.
About BlackRock MuniAssets Fund
(
Free Report)
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.
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