BlackRock MuniAssets Fund (NYSE:MUA) Stock Price Passes Above 50-Day Moving Average – Here’s What Happened

Shares of BlackRock MuniAssets Fund, Inc. (NYSE:MUA) passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $10.76 and traded as high as $10.97. BlackRock MuniAssets Fund shares last traded at $10.9350, with a volume of 69,005 shares traded.

BlackRock MuniAssets Fund Trading Down 0.3%

The business has a 50-day moving average price of $10.76 and a 200-day moving average price of $10.78.

BlackRock MuniAssets Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Friday, March 13th will be issued a $0.0555 dividend. This represents a c) annualized dividend and a yield of 6.1%. The ex-dividend date of this dividend is Friday, March 13th.

Institutional Trading of BlackRock MuniAssets Fund

Several institutional investors have recently made changes to their positions in the business. Bernard Wealth Management Corp. acquired a new position in BlackRock MuniAssets Fund in the second quarter worth about $30,000. ST Germain D J Co. Inc. bought a new stake in shares of BlackRock MuniAssets Fund in the 2nd quarter valued at approximately $31,000. Ameritas Advisory Services LLC acquired a new position in shares of BlackRock MuniAssets Fund in the 2nd quarter worth approximately $41,000. Allworth Financial LP bought a new position in shares of BlackRock MuniAssets Fund during the 2nd quarter worth approximately $65,000. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in BlackRock MuniAssets Fund by 212.4% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 7,003 shares of the investment management company’s stock valued at $73,000 after buying an additional 4,761 shares in the last quarter. 20.38% of the stock is currently owned by institutional investors and hedge funds.

BlackRock MuniAssets Fund Company Profile

BlackRock MuniAssets Fund, Inc (NYSE: MUA) is a closed-end management investment company that seeks to provide current income exempt from federal income tax. Managed by BlackRock, one of the world’s leading investment managers, the fund primarily invests in a diversified portfolio of investment-grade municipal debt obligations. Its holdings typically include general obligation and revenue bonds issued by state and local governments, utilities, and infrastructure entities across the United States.

The fund employs a combination of active security selection and duration management to navigate changing interest rate and credit environments.