Cambridge Investment Research Advisors Inc. Sells 1,525 Shares of BlackRock MuniAssets Fund, Inc. (NYSE:MUA)

Cambridge Investment Research Advisors Inc. decreased its position in BlackRock MuniAssets Fund, Inc. (NYSE:MUA) by 10.9% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 12,414 shares of the investment management company’s stock after selling 1,525 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in BlackRock MuniAssets Fund were worth $134,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Advisor Resource Council bought a new stake in shares of BlackRock MuniAssets Fund in the 1st quarter valued at approximately $263,000. Janney Montgomery Scott LLC bought a new stake in BlackRock MuniAssets Fund during the first quarter worth approximately $166,000. Noble Wealth Management PBC bought a new stake in BlackRock MuniAssets Fund during the first quarter worth approximately $493,000. CX Institutional bought a new stake in BlackRock MuniAssets Fund during the first quarter worth approximately $87,000. Finally, Farther Finance Advisors LLC boosted its position in BlackRock MuniAssets Fund by 4,225.5% during the first quarter. Farther Finance Advisors LLC now owns 8,651 shares of the investment management company’s stock worth $94,000 after purchasing an additional 8,451 shares during the period. Institutional investors own 20.38% of the company’s stock.

BlackRock MuniAssets Fund Price Performance

Shares of BlackRock MuniAssets Fund stock opened at $10.40 on Tuesday. The stock has a 50 day moving average price of $10.30 and a two-hundred day moving average price of $10.61. BlackRock MuniAssets Fund, Inc. has a 12-month low of $9.60 and a 12-month high of $12.69.

BlackRock MuniAssets Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, August 1st. Shareholders of record on Tuesday, July 15th will be given a dividend of $0.0555 per share. The ex-dividend date is Tuesday, July 15th. This represents a $0.67 dividend on an annualized basis and a yield of 6.40%.

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.