Absolute Investment Advisers LLC Makes New Investment in BlackRock MuniAssets Fund, Inc. $MUA

Absolute Investment Advisers LLC purchased a new position in shares of BlackRock MuniAssets Fund, Inc. (NYSE:MUA) in the 1st quarter, HoldingsChannel.com reports. The firm purchased 127,113 shares of the investment management company’s stock, valued at approximately $1,349,000.

A number of other hedge funds also recently modified their holdings of MUA. Northwestern Mutual Wealth Management Co. raised its stake in BlackRock MuniAssets Fund by 3,439.9% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 247,897 shares of the investment management company’s stock valued at $2,655,000 after acquiring an additional 240,894 shares during the period. Bank of America Corp DE boosted its position in BlackRock MuniAssets Fund by 18.3% during the third quarter. Bank of America Corp DE now owns 1,490,043 shares of the investment management company’s stock worth $16,539,000 after purchasing an additional 230,972 shares during the period. Hennion & Walsh Asset Management Inc. boosted its position in BlackRock MuniAssets Fund by 29.9% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 976,962 shares of the investment management company’s stock worth $10,463,000 after purchasing an additional 224,943 shares during the period. Rivernorth Capital Management LLC purchased a new position in shares of BlackRock MuniAssets Fund in the fourth quarter worth about $2,210,000. Finally, Advisors Asset Management Inc. increased its stake in shares of BlackRock MuniAssets Fund by 77.8% in the fourth quarter. Advisors Asset Management Inc. now owns 384,686 shares of the investment management company’s stock worth $4,120,000 after purchasing an additional 168,356 shares in the last quarter. Institutional investors own 20.38% of the company’s stock.

BlackRock MuniAssets Fund Price Performance

NYSE MUA opened at $10.81 on Monday. The company’s 50 day moving average is $10.67 and its 200-day moving average is $10.78. BlackRock MuniAssets Fund, Inc. has a 12-month low of $10.02 and a 12-month high of $11.79.

BlackRock MuniAssets Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 15th will be issued a dividend of $0.0555 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a c) dividend on an annualized basis and a yield of 6.2%.

BlackRock MuniAssets Fund 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.