Raymond James Financial Services Advisors Inc. Sells 17,633 Shares of BlackRock MuniAssets Fund, Inc. (NYSE:MUA)

Raymond James Financial Services Advisors Inc. lessened its holdings in BlackRock MuniAssets Fund, Inc. (NYSE:MUAGet Rating) by 12.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 120,343 shares of the investment management company’s stock after selling 17,633 shares during the quarter. Raymond James Financial Services Advisors Inc. owned approximately 0.31% of BlackRock MuniAssets Fund worth $1,236,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of MUA. Prospera Financial Services Inc lifted its holdings in BlackRock MuniAssets Fund by 36.4% in the second quarter. Prospera Financial Services Inc now owns 15,088 shares of the investment management company’s stock valued at $184,000 after buying an additional 4,027 shares during the period. Mariner Investment Group LLC acquired a new position in shares of BlackRock MuniAssets Fund in the 2nd quarter valued at $138,000. Beacon Pointe Advisors LLC grew its stake in shares of BlackRock MuniAssets Fund by 37.2% during the second quarter. Beacon Pointe Advisors LLC now owns 28,802 shares of the investment management company’s stock worth $351,000 after purchasing an additional 7,802 shares during the period. Parallel Advisors LLC bought a new stake in BlackRock MuniAssets Fund in the second quarter valued at about $30,000. Finally, Walker Asset Management LLC lifted its stake in BlackRock MuniAssets Fund by 6,100.0% in the second quarter. Walker Asset Management LLC now owns 1,013,824 shares of the investment management company’s stock valued at $12,002,000 after buying an additional 997,472 shares during the period. Institutional investors own 11.76% of the company’s stock.

BlackRock MuniAssets Fund Stock Performance

Shares of MUA opened at $11.02 on Friday. The stock’s 50-day moving average price is $10.61 and its two-hundred day moving average price is $11.10. BlackRock MuniAssets Fund, Inc. has a 1 year low of $9.47 and a 1 year high of $14.54.

BlackRock MuniAssets Fund Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, February 1st. Investors of record on Friday, January 13th will be issued a dividend of $0.0455 per share. This represents a $0.55 dividend on an annualized basis and a yield of 4.95%. The ex-dividend date is Thursday, January 12th.

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.

Further Reading

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

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