Stratos Wealth Partners LTD. Invests $154,000 in BlackRock MuniAssets Fund, Inc. (NYSE:MUA)

Stratos Wealth Partners LTD. bought a new position in BlackRock MuniAssets Fund, Inc. (NYSE:MUA) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 14,200 shares of the investment management company’s stock, valued at approximately $154,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Bank of America Corp DE boosted its holdings in shares of BlackRock MuniAssets Fund by 10.1% in the 4th quarter. Bank of America Corp DE now owns 1,152,278 shares of the investment management company’s stock worth $12,721,000 after acquiring an additional 106,107 shares in the last quarter. Guggenheim Capital LLC lifted its holdings in BlackRock MuniAssets Fund by 4.4% during the 4th quarter. Guggenheim Capital LLC now owns 1,146,514 shares of the investment management company’s stock worth $12,658,000 after buying an additional 48,336 shares in the last quarter. Mariner LLC lifted its holdings in BlackRock MuniAssets Fund by 32.8% during the 4th quarter. Mariner LLC now owns 1,110,045 shares of the investment management company’s stock worth $12,255,000 after buying an additional 273,870 shares in the last quarter. Raymond James Financial Inc. acquired a new position in BlackRock MuniAssets Fund during the 4th quarter worth $2,457,000. Finally, Hennion & Walsh Asset Management Inc. acquired a new position in BlackRock MuniAssets Fund during the 1st quarter worth $1,786,000. 20.38% of the stock is owned by institutional investors and hedge funds.

BlackRock MuniAssets Fund Stock Down 0.7%

NYSE:MUA opened at $10.28 on Thursday. The stock’s fifty day moving average price is $10.30 and its two-hundred day moving average price is $10.61. BlackRock MuniAssets Fund, Inc. has a 52-week low of $9.60 and a 52-week high of $12.69.

BlackRock MuniAssets Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, August 1st. Shareholders of record on Tuesday, July 15th will be issued a dividend of $0.0555 per share. This represents a $0.67 annualized dividend and a yield of 6.48%. The ex-dividend date of this dividend is Tuesday, July 15th.

BlackRock MuniAssets Fund 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.