BlackRock MuniAssets Fund, Inc. $MUA Shares Acquired by Advisors Asset Management Inc.

Advisors Asset Management Inc. lifted its stake in shares of BlackRock MuniAssets Fund, Inc. (NYSE:MUA) by 105.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 216,330 shares of the investment management company’s stock after acquiring an additional 110,795 shares during the quarter. Advisors Asset Management Inc.’s holdings in BlackRock MuniAssets Fund were worth $2,401,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of MUA. Bernard Wealth Management Corp. increased its holdings in BlackRock MuniAssets Fund by 82.8% during the 3rd quarter. Bernard Wealth Management Corp. now owns 5,300 shares of the investment management company’s stock worth $59,000 after purchasing an additional 2,400 shares during the period. Allworth Financial LP acquired a new position in shares of BlackRock MuniAssets Fund during the second quarter worth about $65,000. Northwestern Mutual Wealth Management Co. increased its stake in shares of BlackRock MuniAssets Fund by 212.4% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 7,003 shares of the investment management company’s stock worth $73,000 after buying an additional 4,761 shares during the period. Nomura Holdings Inc. acquired a new stake in BlackRock MuniAssets Fund in the second quarter valued at approximately $104,000. Finally, Ashton Thomas Private Wealth LLC purchased a new position in BlackRock MuniAssets Fund in the third quarter worth approximately $150,000. 20.38% of the stock is currently owned by hedge funds and other institutional investors.

BlackRock MuniAssets Fund Price Performance

Shares of NYSE:MUA opened at $11.16 on Monday. BlackRock MuniAssets Fund, Inc. has a 52 week low of $9.60 and a 52 week high of $11.79. The company’s 50 day moving average is $10.90 and its two-hundred day moving average is $10.87.

BlackRock MuniAssets Fund Announces Dividend

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 paid a $0.0555 dividend. The ex-dividend date is Friday, March 13th. This represents a c) dividend on an annualized basis and a yield of 6.0%.

About BlackRock MuniAssets Fund

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.