Raymond James Financial Services Advisors Inc. trimmed its holdings in Blackrock Muniassets Fund, Inc. (NYSE:MUA) by 18.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 74,491 shares of the investment management company’s stock after selling 17,080 shares during the quarter. Raymond James Financial Services Advisors Inc. owned about 0.21% of Blackrock Muniassets Fund worth $1,034,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Royal Bank of Canada lifted its stake in Blackrock Muniassets Fund by 3.7% in the 1st quarter. Royal Bank of Canada now owns 29,899 shares of the investment management company’s stock worth $398,000 after purchasing an additional 1,079 shares in the last quarter. Advisor Group Holdings Inc. purchased a new position in Blackrock Muniassets Fund in the 1st quarter worth approximately $905,000. Ameritas Investment Company LLC purchased a new position in Blackrock Muniassets Fund in the 1st quarter worth approximately $36,000. Beacon Pointe Advisors LLC purchased a new position in Blackrock Muniassets Fund in the 1st quarter worth approximately $280,000. Finally, Wells Fargo & Company MN raised its position in shares of Blackrock Muniassets Fund by 1.1% during the 1st quarter. Wells Fargo & Company MN now owns 115,991 shares of the investment management company’s stock valued at $1,546,000 after buying an additional 1,302 shares during the period. 8.11% of the stock is currently owned by institutional investors and hedge funds.
MUA stock opened at $14.25 on Friday. The firm’s 50 day moving average price is $13.91 and its 200-day moving average price is $13.96. Blackrock Muniassets Fund, Inc. has a one year low of $9.54 and a one year high of $16.34.
The company also recently declared a monthly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Wednesday, July 15th will be given a dividend of $0.0525 per share. This represents a $0.63 annualized dividend and a dividend yield of 4.42%. The ex-dividend date is Tuesday, July 14th.
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.
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