Ameriprise Financial Inc. boosted its stake in shares of BR-MUNIASSET FD (NYSE:MUA) by 10.1% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 29,939 shares of the investment management company’s stock after purchasing an additional 2,737 shares during the period. Ameriprise Financial Inc.’s holdings in BR-MUNIASSET FD were worth $448,000 at the end of the most recent reporting period.
Separately, Janney Montgomery Scott LLC grew its position in BR-MUNIASSET FD by 5.1% during the second quarter. Janney Montgomery Scott LLC now owns 20,433 shares of the investment management company’s stock valued at $306,000 after purchasing an additional 1,000 shares in the last quarter. 5.24% of the stock is currently owned by institutional investors and hedge funds.
BR-MUNIASSET FD (NYSE MUA) opened at $15.12 on Tuesday. BR-MUNIASSET FD has a 1 year low of $12.96 and a 1 year high of $15.84.
BR-MUNIASSET FD Company Profile
BlackRock MuniAssets Fund, Inc is a non-diversified closed-end management investment company. The Fund’s investment objective is to provide high current income exempt from federal income taxes by investing primarily in a portfolio of medium- to lower-grade or unrated municipal obligations. The Fund seeks to achieve its investment objective by investing, under normal market conditions, at least 80% of its assets in municipal bonds exempt from federal income taxes.
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