Cetera Investment Advisers Boosts Stock Position in BlackRock MuniAssets Fund, Inc. $MUA

Cetera Investment Advisers grew its holdings in shares of BlackRock MuniAssets Fund, Inc. (NYSE:MUA) by 5.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 29,107 shares of the investment management company’s stock after purchasing an additional 1,377 shares during the quarter. Cetera Investment Advisers owned approximately 0.08% of BlackRock MuniAssets Fund worth $315,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MUA. Raymond James Financial Inc. bought a new position in shares of BlackRock MuniAssets Fund during the 4th quarter valued at approximately $2,457,000. Hennion & Walsh Asset Management Inc. bought a new position in BlackRock MuniAssets Fund during the first quarter valued at $1,786,000. Bank of America Corp DE increased its position in BlackRock MuniAssets Fund by 10.1% in the fourth quarter. Bank of America Corp DE now owns 1,152,278 shares of the investment management company’s stock worth $12,721,000 after buying an additional 106,107 shares during the last quarter. Mpwm Advisory Solutions LLC bought a new stake in shares of BlackRock MuniAssets Fund in the fourth quarter valued at $1,003,000. Finally, Readystate Asset Management LP lifted its position in shares of BlackRock MuniAssets Fund by 287.2% during the 1st quarter. Readystate Asset Management LP now owns 78,665 shares of the investment management company’s stock valued at $852,000 after buying an additional 58,350 shares during the last quarter. 20.38% of the stock is owned by hedge funds and other institutional investors.

BlackRock MuniAssets Fund Trading Up 0.0%

MUA stock opened at $10.5050 on Wednesday. The stock has a fifty day moving average of $10.34 and a 200-day moving average of $10.49. BlackRock MuniAssets Fund, Inc. has a fifty-two week low of $9.60 and a fifty-two week high of $12.69.

BlackRock MuniAssets Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th will be paid a $0.0555 dividend. The ex-dividend date is Friday, August 15th. This represents a c) annualized dividend and a dividend yield of 6.3%.

About BlackRock MuniAssets Fund

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.