BlackRock MuniAssets Fund, Inc. (NYSE:MUA) Stock Holdings Raised by Van ECK Associates Corp

Van ECK Associates Corp raised its stake in BlackRock MuniAssets Fund, Inc. (NYSE:MUA) by 9.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 272,517 shares of the investment management company’s stock after acquiring an additional 23,704 shares during the period. Van ECK Associates Corp’s holdings in BlackRock MuniAssets Fund were worth $2,886,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Wolverine Asset Management LLC bought a new stake in shares of BlackRock MuniAssets Fund in the 3rd quarter worth about $52,000. Investment Partners LTD. bought a new stake in shares of BlackRock MuniAssets Fund in the 3rd quarter worth about $142,000. Kingswood Wealth Advisors LLC bought a new stake in shares of BlackRock MuniAssets Fund in the 4th quarter worth about $182,000. Advisor Resource Council bought a new stake in shares of BlackRock MuniAssets Fund in the 4th quarter worth about $261,000. Finally, AQR Arbitrage LLC bought a new stake in shares of BlackRock MuniAssets Fund in the 3rd quarter worth about $487,000. Institutional investors own 20.38% of the company’s stock.

BlackRock MuniAssets Fund Price Performance

MUA opened at $11.05 on Tuesday. BlackRock MuniAssets Fund, Inc. has a 1-year low of $8.61 and a 1-year high of $11.43. The company has a 50-day moving average of $11.08 and a 200-day moving average of $10.59.

BlackRock MuniAssets Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, June 3rd. Investors of record on Wednesday, May 15th will be given a dividend of $0.0555 per share. This represents a $0.67 dividend on an annualized basis and a dividend yield of 6.03%. The ex-dividend date is Tuesday, May 14th.

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.