BlackRock MuniAssets Fund, Inc. $MUA Shares Acquired by Van ECK Associates Corp

Van ECK Associates Corp lifted its stake in shares of BlackRock MuniAssets Fund, Inc. (NYSE:MUA) by 27.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 428,231 shares of the investment management company’s stock after acquiring an additional 90,992 shares during the quarter. Van ECK Associates Corp owned 0.85% of BlackRock MuniAssets Fund worth $4,715,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. NewEdge Advisors LLC boosted its holdings in BlackRock MuniAssets Fund by 2.5% in the second quarter. NewEdge Advisors LLC now owns 50,328 shares of the investment management company’s stock valued at $523,000 after purchasing an additional 1,217 shares during the period. Wells Fargo & Company MN increased its holdings in BlackRock MuniAssets Fund by 3.3% during the 4th quarter. Wells Fargo & Company MN now owns 114,743 shares of the investment management company’s stock worth $1,229,000 after purchasing an additional 3,653 shares during the period. Osaic Holdings Inc. increased its holdings in BlackRock MuniAssets Fund by 3.0% during the 4th quarter. Osaic Holdings Inc. now owns 156,361 shares of the investment management company’s stock worth $1,675,000 after purchasing an additional 4,614 shares during the period. Kestra Advisory Services LLC acquired a new stake in BlackRock MuniAssets Fund in the 4th quarter valued at about $50,000. Finally, Northwestern Mutual Wealth Management Co. raised its position in BlackRock MuniAssets Fund by 212.4% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 7,003 shares of the investment management company’s stock valued at $73,000 after purchasing an additional 4,761 shares in the last quarter. 20.38% of the stock is currently owned by institutional investors and hedge funds.

BlackRock MuniAssets Fund Trading Up 0.8%

Shares of MUA opened at $9.93 on Thursday. BlackRock MuniAssets Fund, Inc. has a 1 year low of $9.85 and a 1 year high of $11.79. The stock has a 50-day simple moving average of $10.43 and a 200-day simple moving average of $10.62.

BlackRock MuniAssets Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 15th will be paid a $0.0555 dividend. The ex-dividend date is Tuesday, September 15th. This represents a c) dividend on an annualized basis and a yield of 6.7%.

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.