Janney Montgomery Scott LLC Makes New Investment in BlackRock MuniAssets Fund, Inc. (NYSE:MUA)

Janney Montgomery Scott LLC bought a new stake in shares of BlackRock MuniAssets Fund, Inc. (NYSE:MUA) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund bought 15,345 shares of the investment management company’s stock, valued at approximately $166,000.

A number of other large investors also recently made changes to their positions in the stock. Noble Wealth Management PBC acquired a new position in BlackRock MuniAssets Fund in the first quarter valued at about $493,000. CX Institutional bought a new position in BlackRock MuniAssets Fund during the 1st quarter worth approximately $87,000. Farther Finance Advisors LLC increased its stake in BlackRock MuniAssets Fund by 4,225.5% in the first quarter. Farther Finance Advisors LLC now owns 8,651 shares of the investment management company’s stock valued at $94,000 after purchasing an additional 8,451 shares in the last quarter. Hennion & Walsh Asset Management Inc. bought a new stake in BlackRock MuniAssets Fund in the first quarter valued at approximately $1,786,000. Finally, Mpwm Advisory Solutions LLC acquired a new stake in BlackRock MuniAssets Fund in the fourth quarter worth $1,003,000. Institutional investors and hedge funds own 20.38% of the company’s stock.

BlackRock MuniAssets Fund Price Performance

Shares of MUA stock opened at $10.49 on Monday. BlackRock MuniAssets Fund, Inc. has a 12-month low of $9.60 and a 12-month high of $12.69. The firm has a fifty day moving average of $10.28 and a 200-day moving average of $10.63.

BlackRock MuniAssets Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, August 1st. Investors of record on Tuesday, July 15th will be given a $0.0555 dividend. The ex-dividend date of this dividend is Tuesday, July 15th. This represents a $0.67 annualized dividend and a yield of 6.35%.

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.