Raymond James & Associates Trims Position in BlackRock MuniAssets Fund, Inc. (NYSE:MUA)

Raymond James & Associates lowered its position in shares of BlackRock MuniAssets Fund, Inc. (NYSE:MUA) by 9.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 65,701 shares of the investment management company’s stock after selling 6,947 shares during the quarter. Raymond James & Associates’ holdings in BlackRock MuniAssets Fund were worth $696,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wolverine Asset Management LLC acquired a new stake in shares of BlackRock MuniAssets Fund during the third quarter worth $52,000. Investment Partners LTD. purchased a new stake in BlackRock MuniAssets Fund in the 3rd quarter valued at about $142,000. Arlington Capital Management Inc. acquired a new position in shares of BlackRock MuniAssets Fund during the 3rd quarter valued at about $218,000. Advisor Resource Council acquired a new position in shares of BlackRock MuniAssets Fund during the 4th quarter valued at about $261,000. Finally, AQR Arbitrage LLC purchased a new position in shares of BlackRock MuniAssets Fund during the 3rd quarter worth about $487,000. 20.38% of the stock is owned by hedge funds and other institutional investors.

BlackRock MuniAssets Fund Stock Performance

BlackRock MuniAssets Fund stock opened at $11.05 on Wednesday. BlackRock MuniAssets Fund, Inc. has a 1 year low of $8.61 and a 1 year high of $11.43. The firm has a 50 day moving average price of $11.09 and a 200 day moving average price of $10.47.

BlackRock MuniAssets Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Monday, April 15th will be paid a dividend of $0.0555 per share. The ex-dividend date of this dividend is Friday, April 12th. This represents a $0.67 annualized dividend and a dividend yield of 6.03%.

BlackRock MuniAssets Fund 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.