BlackRock MuniAssets Fund, Inc. $MUA Stake Lessened by Keybank National Association OH

Keybank National Association OH lowered its holdings in BlackRock MuniAssets Fund, Inc. (NYSE:MUA) by 9.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 956,202 shares of the investment management company’s stock after selling 103,754 shares during the period. Keybank National Association OH’s holdings in BlackRock MuniAssets Fund were worth $9,132,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in MUA. Hollencrest Capital Management acquired a new position in BlackRock MuniAssets Fund in the first quarter valued at $52,000. Fifth Third Bancorp acquired a new stake in BlackRock MuniAssets Fund in the 1st quarter worth about $95,000. Choreo LLC acquired a new stake in BlackRock MuniAssets Fund in the 3rd quarter worth about $104,000. Readystate Asset Management LP purchased a new stake in BlackRock MuniAssets Fund in the 2nd quarter valued at about $121,000. Finally, Sanctuary Advisors LLC purchased a new stake in BlackRock MuniAssets Fund in the 2nd quarter valued at about $147,000. 20.38% of the stock is currently owned by institutional investors and hedge funds.

BlackRock MuniAssets Fund Stock Performance

MUA opened at $9.60 on Friday. BlackRock MuniAssets Fund, Inc. has a 12 month low of $9.13 and a 12 month high of $11.26. The business has a 50-day moving average of $9.61 and a two-hundred day moving average of $10.40.

BlackRock MuniAssets Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, December 1st. Investors of record on Friday, November 13th will be given a $0.0555 dividend. The ex-dividend date of this dividend is Friday, November 13th. This represents a $0.67 annualized dividend and a dividend yield of 6.9%.

BlackRock MuniAssets Fund Company Profile

BlackRock MuniAssets Fund, Inc. is a closed-end investment fund managed by BlackRock. Rather than operating a business, it invests in a portfolio of municipal securities issued by U.S. state and local governments and related entities. The fund’s investment objective is to provide a high level of current income that is exempt from regular federal income tax, consistent with its investment policies. Its portfolio primarily comprises municipal obligations, whose proceeds may support public projects and services such as transportation, education, utilities and health care.