Raymond James Financial Inc. Invests $2.46 Million in BlackRock MuniAssets Fund, Inc. (NYSE:MUA)

Raymond James Financial Inc. acquired a new position in BlackRock MuniAssets Fund, Inc. (NYSE:MUA) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 222,520 shares of the investment management company’s stock, valued at approximately $2,457,000. Raymond James Financial Inc. owned approximately 0.58% of BlackRock MuniAssets Fund at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Rockefeller Capital Management L.P. boosted its holdings in BlackRock MuniAssets Fund by 3.9% in the third quarter. Rockefeller Capital Management L.P. now owns 163,145 shares of the investment management company’s stock worth $2,023,000 after acquiring an additional 6,054 shares in the last quarter. Sanctuary Advisors LLC raised its position in shares of BlackRock MuniAssets Fund by 13.7% in the 3rd quarter. Sanctuary Advisors LLC now owns 17,869 shares of the investment management company’s stock valued at $215,000 after purchasing an additional 2,150 shares during the last quarter. ST Germain D J Co. Inc. purchased a new position in shares of BlackRock MuniAssets Fund in the 4th quarter valued at approximately $33,000. River Street Advisors LLC acquired a new stake in BlackRock MuniAssets Fund in the 4th quarter worth approximately $119,000. Finally, Van ECK Associates Corp grew its position in BlackRock MuniAssets Fund by 8.3% during the 4th quarter. Van ECK Associates Corp now owns 173,978 shares of the investment management company’s stock worth $1,921,000 after purchasing an additional 13,261 shares during the last quarter. 20.38% of the stock is currently owned by hedge funds and other institutional investors.

BlackRock MuniAssets Fund Stock Performance

Shares of BlackRock MuniAssets Fund stock opened at $10.74 on Friday. The firm’s 50 day simple moving average is $10.99 and its two-hundred day simple moving average is $11.55. BlackRock MuniAssets Fund, Inc. has a 12-month low of $10.64 and a 12-month high of $12.69.

BlackRock MuniAssets Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be paid a $0.0555 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.67 dividend on an annualized basis and a yield of 6.20%.

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.