Envestnet Asset Management Inc. Raises Position in BlackRock MuniAssets Fund, Inc. $MUA

Envestnet Asset Management Inc. lifted its holdings in BlackRock MuniAssets Fund, Inc. (NYSE:MUA) by 590.7% in the second quarter, Holdings Channel reports. The firm owned 184,633 shares of the investment management company’s stock after buying an additional 157,903 shares during the period. Envestnet Asset Management Inc.’s holdings in BlackRock MuniAssets Fund were worth $1,920,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cetera Investment Advisers raised its stake in BlackRock MuniAssets Fund by 5.0% in the first quarter. Cetera Investment Advisers now owns 29,107 shares of the investment management company’s stock valued at $315,000 after buying an additional 1,377 shares during the last quarter. Bernard Wealth Management Corp. acquired a new position in shares of BlackRock MuniAssets Fund during the second quarter valued at about $30,000. ST Germain D J Co. Inc. acquired a new position in shares of BlackRock MuniAssets Fund during the second quarter valued at about $31,000. Ameritas Advisory Services LLC purchased a new position in shares of BlackRock MuniAssets Fund in the 2nd quarter valued at approximately $41,000. Finally, Stratos Wealth Partners LTD. boosted its stake in BlackRock MuniAssets Fund by 28.2% in the 2nd quarter. Stratos Wealth Partners LTD. now owns 18,200 shares of the investment management company’s stock worth $189,000 after purchasing an additional 4,000 shares in the last quarter. 20.38% of the stock is currently owned by hedge funds and other institutional investors.

BlackRock MuniAssets Fund Price Performance

NYSE:MUA opened at $10.69 on Wednesday. BlackRock MuniAssets Fund, Inc. has a twelve month low of $9.60 and a twelve month high of $12.34. The company’s 50 day moving average is $11.04 and its two-hundred day moving average is $10.62.

BlackRock MuniAssets Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, December 1st. Stockholders of record on Friday, November 14th will be issued a dividend of $0.0555 per share. The ex-dividend date of this dividend is Friday, November 14th. This represents a c) dividend on an annualized basis and a dividend yield of 6.2%.

About BlackRock MuniAssets Fund

BlackRock MuniAssets Fund, Inc is a closed ended fixed income mutual fund launched by BlackRock, Inc It is managed by BlackRock Advisors, LLC. The fund invests in fixed income markets. It seeks to provide current income exempt from federal income taxes by investing primarily in a portfolio of medium-to-lower grade or unrated municipal obligations the interest on which is exempt from federal income taxes.