BlackRock MuniAssets Fund, Inc. (NYSE:MUA) Shares Purchased by AE Wealth Management LLC

AE Wealth Management LLC boosted its holdings in BlackRock MuniAssets Fund, Inc. (NYSE:MUAGet Rating) by 21.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,443 shares of the investment management company’s stock after purchasing an additional 2,898 shares during the quarter. AE Wealth Management LLC’s holdings in BlackRock MuniAssets Fund were worth $169,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Parallel Advisors LLC acquired a new position in BlackRock MuniAssets Fund in the second quarter valued at $30,000. Captrust Financial Advisors acquired a new position in BlackRock MuniAssets Fund in the second quarter valued at $31,000. US Bancorp DE grew its position in BlackRock MuniAssets Fund by 69.3% during the first 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 during the period. Mariner Investment Group LLC purchased a new stake in BlackRock MuniAssets Fund during the second quarter valued at about $138,000. Finally, Walleye Capital LLC purchased a new stake in BlackRock MuniAssets Fund during the first quarter valued at about $187,000. 11.76% of the stock is currently owned by institutional investors and hedge funds.

BlackRock MuniAssets Fund Price Performance

MUA stock opened at $11.12 on Thursday. The stock has a 50-day moving average price of $10.59 and a two-hundred day moving average price of $11.10. BlackRock MuniAssets Fund, Inc. has a 12-month low of $9.47 and a 12-month high of $14.61.

BlackRock MuniAssets Fund Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, February 1st. Shareholders of record on Friday, January 13th will be given a dividend of $0.0455 per share. This represents a $0.55 dividend on an annualized basis and a yield of 4.91%. The ex-dividend date is Thursday, January 12th.

BlackRock MuniAssets Fund Company Profile

(Get Rating)

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.

Recommended Stories

Want to see what other hedge funds are holding MUA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BlackRock MuniAssets Fund, Inc. (NYSE:MUAGet Rating).

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

Receive News & Ratings for BlackRock MuniAssets Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BlackRock MuniAssets Fund and related companies with MarketBeat.com's FREE daily email newsletter.