BlackRock MuniAssets Fund, Inc. (NYSE:MUA) Plans $0.06 Monthly Dividend

BlackRock MuniAssets Fund, Inc. (NYSE:MUA - Get Free Report) announced a monthly dividend on Monday, April 1st, Wall Street Journal reports. Investors of record on Monday, April 15th will be given a dividend of 0.0555 per share by the investment management company on Wednesday, May 1st. This represents a $0.67 annualized dividend and a dividend yield of 5.94%. The ex-dividend date of this dividend is Friday, April 12th.

BlackRock MuniAssets Fund Stock Down 0.1 %

Shares of NYSE MUA traded down $0.01 during trading hours on Wednesday, hitting $11.22. The company's stock had a trading volume of 50,382 shares, compared to its average volume of 86,876. BlackRock MuniAssets Fund has a 12 month low of $8.61 and a 12 month high of $11.43. The business has a 50-day simple moving average of $11.02 and a 200-day simple moving average of $10.27.

Institutional Trading of BlackRock MuniAssets Fund

Several large investors have recently modified their holdings of MUA. Captrust Financial Advisors bought a new stake in shares of BlackRock MuniAssets Fund in the second quarter worth about $31,000. US Bancorp DE boosted its position in BlackRock MuniAssets Fund by 69.3% during the 1st quarter. US Bancorp DE now owns 5,250 shares of the investment management company's stock valued at $68,000 after acquiring an additional 2,149 shares in the last quarter. Advisory Services Network LLC boosted its position in BlackRock MuniAssets Fund by 87.5% during the 1st quarter. Advisory Services Network LLC now owns 7,500 shares of the investment management company's stock valued at $79,000 after acquiring an additional 3,500 shares in the last quarter. Gladstone Institutional Advisory LLC bought a new stake in BlackRock MuniAssets Fund during the 1st quarter valued at approximately $109,000. Finally, Nomura Holdings Inc. bought a new stake in BlackRock MuniAssets Fund during the 4th quarter valued at approximately $115,000. 20.38% of the stock is owned by institutional investors.

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.