BlackRock MuniAssets Fund, Inc. (NYSE:MUA) Shares Sold by Wells Fargo & Company MN

Wells Fargo & Company MN cut its stake in BlackRock MuniAssets Fund, Inc. (NYSE:MUA) by 3.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 67,123 shares of the investment management company’s stock after selling 2,297 shares during the quarter. Wells Fargo & Company MN owned about 0.17% of BlackRock MuniAssets Fund worth $741,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Oarsman Capital Inc. raised its holdings in shares of BlackRock MuniAssets Fund by 9.2% during the 4th quarter. Oarsman Capital Inc. now owns 31,270 shares of the investment management company’s stock valued at $345,000 after buying an additional 2,623 shares during the period. HighTower Advisors LLC raised its stake in shares of BlackRock MuniAssets Fund by 4.3% during the fourth quarter. HighTower Advisors LLC now owns 36,421 shares of the investment management company’s stock valued at $402,000 after purchasing an additional 1,500 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of BlackRock MuniAssets Fund by 7.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 133,680 shares of the investment management company’s stock valued at $1,476,000 after purchasing an additional 9,290 shares during the period. Raymond James Financial Inc. acquired a new position in shares of BlackRock MuniAssets Fund during the fourth quarter worth $2,457,000. Finally, Keybank National Association OH boosted its stake in shares of BlackRock MuniAssets Fund by 14.2% in the fourth quarter. Keybank National Association OH now owns 1,004,022 shares of the investment management company’s stock valued at $11,084,000 after purchasing an additional 124,464 shares during the period. Institutional investors and hedge funds own 20.38% of the company’s stock.

BlackRock MuniAssets Fund Stock Up 0.3 %

BlackRock MuniAssets Fund stock opened at $10.30 on Friday. BlackRock MuniAssets Fund, Inc. has a 12-month low of $9.60 and a 12-month high of $12.69. The firm’s fifty day moving average price is $10.55 and its 200 day moving average price is $11.18.

BlackRock MuniAssets Fund Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Thursday, May 1st. Stockholders of record on Tuesday, April 15th were given a dividend of $0.0555 per share. This represents a $0.67 dividend on an annualized basis and a dividend yield of 6.47%. The ex-dividend date was Tuesday, April 15th.

About BlackRock MuniAssets Fund

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.