Bank of New York Mellon Corp Buys Shares of 23,601 BlackRock MuniAssets Fund, Inc. (NYSE:MUA)

Bank of New York Mellon Corp 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 13F filing with the Securities and Exchange Commission (SEC). The fund bought 23,601 shares of the investment management company’s stock, valued at approximately $256,000. Bank of New York Mellon Corp owned 0.06% of BlackRock MuniAssets Fund at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Measured Risk Portfolios Inc. purchased a new position in shares of BlackRock MuniAssets Fund during the fourth quarter valued at approximately $49,000. CX Institutional purchased a new stake in shares of BlackRock MuniAssets Fund in the first quarter valued at approximately $87,000. Farther Finance Advisors LLC boosted its holdings in shares of 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 during the period. Janney Montgomery Scott LLC purchased a new stake in shares of BlackRock MuniAssets Fund in the first quarter valued at approximately $166,000. Finally, Finward Bancorp purchased a new stake in shares of BlackRock MuniAssets Fund in the fourth quarter valued at approximately $172,000. Hedge funds and other institutional investors own 20.38% of the company’s stock.

BlackRock MuniAssets Fund Trading Up 0.3%

Shares of NYSE MUA opened at $10.38 on Wednesday. The stock has a 50 day moving average price of $10.28 and a 200 day moving average price of $10.53. BlackRock MuniAssets Fund, Inc. has a 52-week low of $9.60 and a 52-week high of $12.69.

BlackRock MuniAssets Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Friday, August 15th will be issued a $0.0555 dividend. The ex-dividend date is Friday, August 15th. This represents a c) dividend on an annualized basis and a dividend yield of 6.4%.

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.