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

Advisors Asset Management Inc. lifted its stake in shares of BlackRock MuniAssets Fund, Inc. (NYSE:MUA) by 105.0% in the 3rd quarter, Holdings Channel reports. The institutional investor 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 SEC filing.

Other large investors have also modified their holdings of the company. Bernard Wealth Management Corp. raised its stake 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 acquiring an additional 2,400 shares in the last quarter. Allworth Financial LP purchased a new position in shares of BlackRock MuniAssets Fund during the second quarter worth about $65,000. Northwestern Mutual Wealth Management Co. increased its position 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 in the last quarter. Nomura Holdings Inc. acquired a new stake in shares of BlackRock MuniAssets Fund during the second quarter worth about $104,000. Finally, Ashton Thomas Private Wealth LLC purchased a new stake in shares of BlackRock MuniAssets Fund in the 3rd quarter valued at about $150,000. Institutional investors and hedge funds own 20.38% of the company’s stock.

BlackRock MuniAssets Fund Stock Performance

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 stock’s 50 day moving average price is $10.90 and its 200 day moving average price is $10.87.

BlackRock MuniAssets Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Friday, March 13th will be issued a $0.0555 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 6.0%. The ex-dividend date of this dividend is Friday, March 13th.

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.