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

BlackRock MuniAssets Fund, Inc. (NYSE:MUA)’s share price crossed above its fifty day moving average during trading on Monday . The stock has a fifty 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.

BlackRock MuniAssets Fund Stock Down 0.3%

The company’s 50 day moving average price is $10.76 and its 200 day moving average price is $10.78.

BlackRock MuniAssets Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Friday, March 13th will be given 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 6.1%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Bernard Wealth Management Corp. bought a new position in shares of BlackRock MuniAssets Fund in the second quarter valued at approximately $30,000. ST Germain D J Co. Inc. bought a new position in BlackRock MuniAssets Fund in the 2nd quarter valued at $31,000. Ameritas Advisory Services LLC bought a new position in BlackRock MuniAssets Fund in the 2nd quarter valued at $41,000. Allworth Financial LP acquired a new position in BlackRock MuniAssets Fund in the second quarter worth $65,000. Finally, Northwestern Mutual Wealth Management Co. grew its holdings 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 purchasing an additional 4,761 shares during the last quarter. Institutional investors own 20.38% of the company’s stock.

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.