Baird Financial Group Inc. Sells 3,691 Shares of BlackRock MuniAssets Fund, Inc. (NYSE:MUA)

Baird Financial Group Inc. lessened its position in BlackRock MuniAssets Fund, Inc. (NYSE:MUAGet Rating) by 4.7% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 74,438 shares of the investment management company’s stock after selling 3,691 shares during the period. Baird Financial Group Inc. owned 0.19% of BlackRock MuniAssets Fund worth $907,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. US Bancorp DE grew its holdings in BlackRock MuniAssets Fund by 69.3% in the 1st quarter. US Bancorp DE now owns 5,250 shares of the investment management company’s stock worth $68,000 after acquiring an additional 2,149 shares during the last quarter. Parallel Advisors LLC bought a new stake in BlackRock MuniAssets Fund in the 2nd quarter worth $30,000. HighTower Advisors LLC grew its holdings in BlackRock MuniAssets Fund by 16.5% in the 1st quarter. HighTower Advisors LLC now owns 21,201 shares of the investment management company’s stock worth $273,000 after acquiring an additional 3,000 shares during the last quarter. Prospera Financial Services Inc grew its holdings in BlackRock MuniAssets Fund by 36.4% in the 2nd quarter. Prospera Financial Services Inc now owns 15,088 shares of the investment management company’s stock worth $184,000 after acquiring an additional 4,027 shares during the last quarter. Finally, Advisor Group Holdings Inc. grew its holdings in BlackRock MuniAssets Fund by 7.5% in the 1st quarter. Advisor Group Holdings Inc. now owns 84,540 shares of the investment management company’s stock worth $6,179,000 after acquiring an additional 5,867 shares during the last quarter. Institutional investors own 11.23% of the company’s stock.

BlackRock MuniAssets Fund Stock Up 1.7 %

NYSE:MUA opened at $10.28 on Friday. The company has a 50-day moving average price of $10.20 and a 200-day moving average price of $11.42. BlackRock MuniAssets Fund, Inc. has a 12 month low of $9.47 and a 12 month high of $16.50.

BlackRock MuniAssets Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Tuesday, November 15th will be given a $0.0455 dividend. The ex-dividend date is Monday, November 14th. This represents a $0.55 annualized dividend and a dividend yield of 5.31%.

BlackRock MuniAssets Fund Profile

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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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Institutional Ownership by Quarter for BlackRock MuniAssets Fund (NYSE:MUA)

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