BlackRock MuniAssets Fund (NYSE:MUA) Shares Cross Below 200-Day Moving Average – Time to Sell?

BlackRock MuniAssets Fund, Inc. (NYSE:MUA) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $10.78 and traded as low as $10.62. BlackRock MuniAssets Fund shares last traded at $10.6390, with a volume of 96,504 shares trading hands.

BlackRock MuniAssets Fund Stock Performance

The company’s 50 day simple moving average is $10.64 and its two-hundred day simple moving average is $10.78.

BlackRock MuniAssets Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be paid a dividend of $0.0555 per share. This represents a c) annualized dividend and a yield of 6.3%. The ex-dividend date of this dividend is Tuesday, September 15th.

Institutional Trading of BlackRock MuniAssets Fund

Several large investors have recently added to or reduced their stakes in the company. NewEdge Advisors LLC grew its stake in BlackRock MuniAssets Fund by 2.5% during the second quarter. NewEdge Advisors LLC now owns 50,328 shares of the investment management company’s stock worth $523,000 after buying an additional 1,217 shares during the last quarter. Ashton Thomas Private Wealth LLC grew its stake in BlackRock MuniAssets Fund by 14.8% during the fourth quarter. Ashton Thomas Private Wealth LLC now owns 15,500 shares of the investment management company’s stock worth $166,000 after buying an additional 2,000 shares during the last quarter. Wells Fargo & Company MN grew its stake in BlackRock MuniAssets Fund by 3.3% during the fourth quarter. Wells Fargo & Company MN now owns 114,743 shares of the investment management company’s stock worth $1,229,000 after buying an additional 3,653 shares during the last quarter. Osaic Holdings Inc. grew its stake in BlackRock MuniAssets Fund by 3.0% during the fourth quarter. Osaic Holdings Inc. now owns 156,361 shares of the investment management company’s stock worth $1,675,000 after buying an additional 4,614 shares during the last quarter. Finally, Kestra Advisory Services LLC bought a new stake in BlackRock MuniAssets Fund during the fourth quarter worth about $50,000. 20.38% of the stock is owned by institutional investors.

About BlackRock MuniAssets Fund

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.