CX Institutional Invests $87,000 in BlackRock MuniAssets Fund, Inc. (NYSE:MUA)

CX Institutional bought a new stake in BlackRock MuniAssets Fund, Inc. (NYSE:MUA) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 8,014 shares of the investment management company’s stock, valued at approximately $87,000.

A number of other large investors have also modified their holdings of the stock. Steward Partners Investment Advisory LLC increased its position in shares of BlackRock MuniAssets Fund by 1.5% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 74,735 shares of the investment management company’s stock worth $825,000 after acquiring an additional 1,139 shares during the last quarter. 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 purchasing an additional 1,500 shares in the last quarter. Oarsman Capital Inc. increased its holdings 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 worth $345,000 after purchasing an additional 2,623 shares during the last quarter. Measured Risk Portfolios Inc. acquired a new position in shares of BlackRock MuniAssets Fund in the 4th quarter valued at approximately $49,000. Finally, Cetera Investment Advisers raised its position in shares of BlackRock MuniAssets Fund by 22.0% in the 4th quarter. Cetera Investment Advisers now owns 27,730 shares of the investment management company’s stock valued at $306,000 after purchasing an additional 4,997 shares in the last quarter. Institutional investors and hedge funds own 20.38% of the company’s stock.

BlackRock MuniAssets Fund Price Performance

MUA stock opened at $10.21 on Tuesday. The firm has a 50 day simple moving average of $10.21 and a 200-day simple moving average of $10.77. BlackRock MuniAssets Fund, Inc. has a twelve month low of $9.60 and a twelve month high of $12.69.

BlackRock MuniAssets Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, June 13th will be given a $0.0555 dividend. This represents a $0.67 annualized dividend and a dividend yield of 6.52%. The ex-dividend date is Friday, June 13th.

BlackRock MuniAssets Fund Company 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.