Bank of America Corp DE Has $12.72 Million Holdings in BlackRock MuniAssets Fund, Inc. (NYSE:MUA)

Bank of America Corp DE boosted its stake in shares of BlackRock MuniAssets Fund, Inc. (NYSE:MUA) by 10.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,152,278 shares of the investment management company’s stock after buying an additional 106,107 shares during the period. Bank of America Corp DE owned about 2.98% of BlackRock MuniAssets Fund worth $12,721,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Steward Partners Investment Advisory LLC raised its holdings in BlackRock MuniAssets Fund by 1.5% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 74,735 shares of the investment management company’s stock worth $825,000 after buying an additional 1,139 shares during the period. HighTower Advisors LLC grew its stake in BlackRock MuniAssets Fund by 4.3% during the 4th quarter. HighTower Advisors LLC now owns 36,421 shares of the investment management company’s stock valued at $402,000 after acquiring an additional 1,500 shares in the last quarter. Oarsman Capital Inc. grew its stake in 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 acquiring an additional 2,623 shares in the last quarter. Wolverine Asset Management LLC purchased a new position in BlackRock MuniAssets Fund during the 4th quarter valued at about $60,000. Finally, Envestnet Asset Management Inc. grew its stake in BlackRock MuniAssets Fund by 87.4% during the 4th quarter. Envestnet Asset Management Inc. now owns 19,344 shares of the investment management company’s stock valued at $214,000 after acquiring an additional 9,022 shares in the last quarter. Institutional investors and hedge funds own 20.38% of the company’s stock.

BlackRock MuniAssets Fund Stock Up 0.2%

NYSE:MUA opened at $10.19 on Friday. BlackRock MuniAssets Fund, Inc. has a fifty-two week low of $9.60 and a fifty-two week high of $12.69. The stock’s 50-day moving average is $10.37 and its two-hundred day moving average is $11.01.

BlackRock MuniAssets Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Thursday, May 15th will be paid a dividend of $0.0555 per share. The ex-dividend date is Thursday, May 15th. This represents a $0.67 annualized dividend and a yield of 6.54%.

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.