BlackRock MuniAssets Fund (NYSE:MUA) Stock Price Crosses Above Fifty Day Moving Average – Here’s Why

BlackRock MuniAssets Fund, Inc. (NYSE:MUA) crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $10.66 and traded as high as $10.70. BlackRock MuniAssets Fund shares last traded at $10.6750, with a volume of 117,695 shares changing hands.

BlackRock MuniAssets Fund Price Performance

The firm’s fifty day moving average price is $10.66 and its 200-day moving average price is $10.78.

BlackRock MuniAssets Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be paid a $0.0555 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a c) annualized dividend and a dividend yield of 6.2%.

Institutional Trading of BlackRock MuniAssets Fund

A number of institutional investors have recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. raised its position in BlackRock MuniAssets Fund by 3,439.9% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 247,897 shares of the investment management company’s stock worth $2,655,000 after acquiring an additional 240,894 shares in the last quarter. Bank of America Corp DE grew its position in shares of BlackRock MuniAssets Fund by 18.3% in the 3rd quarter. Bank of America Corp DE now owns 1,490,043 shares of the investment management company’s stock valued at $16,539,000 after acquiring an additional 230,972 shares during the period. Hennion & Walsh Asset Management Inc. increased its stake in shares of BlackRock MuniAssets Fund by 29.9% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 976,962 shares of the investment management company’s stock worth $10,463,000 after purchasing an additional 224,943 shares during the last quarter. Rivernorth Capital Management LLC acquired a new position in shares of BlackRock MuniAssets Fund during the 4th quarter worth about $2,210,000. Finally, Advisors Asset Management Inc. raised its holdings in shares of BlackRock MuniAssets Fund by 77.8% in the 4th quarter. Advisors Asset Management Inc. now owns 384,686 shares of the investment management company’s stock valued at $4,120,000 after purchasing an additional 168,356 shares during the period. Institutional investors own 20.38% of the company’s stock.

BlackRock MuniAssets Fund Company 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.