Raymond James Financial Inc. acquired a new position in BlackRock MuniAssets Fund, Inc. (NYSE:MUA – Free Report) during the fourth quarter, Holdings Channel.com reports. The firm acquired 222,520 shares of the investment management company’s stock, valued at approximately $2,457,000.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Steward Partners Investment Advisory LLC boosted its holdings in BlackRock MuniAssets Fund by 1.5% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 74,735 shares of the investment management company’s stock valued at $825,000 after purchasing an additional 1,139 shares during the last quarter. Sanctuary Advisors LLC raised its stake in shares of BlackRock MuniAssets Fund by 13.7% during the 3rd quarter. Sanctuary Advisors LLC now owns 17,869 shares of the investment management company’s stock valued at $215,000 after buying an additional 2,150 shares during the last quarter. ST Germain D J Co. Inc. acquired a new position in shares of BlackRock MuniAssets Fund in the 4th quarter valued at about $33,000. Wolverine Asset Management LLC purchased a new stake in shares of BlackRock MuniAssets Fund in the fourth quarter worth about $60,000. Finally, Rockefeller Capital Management L.P. boosted its stake in shares of BlackRock MuniAssets Fund by 3.9% in the third quarter. Rockefeller Capital Management L.P. now owns 163,145 shares of the investment management company’s stock worth $2,023,000 after buying an additional 6,054 shares during the last quarter. Institutional investors and hedge funds own 20.38% of the company’s stock.
BlackRock MuniAssets Fund Trading Down 0.0 %
Shares of MUA stock opened at $10.74 on Friday. BlackRock MuniAssets Fund, Inc. has a twelve month low of $10.64 and a twelve month high of $12.69. The stock has a 50 day moving average of $10.99 and a 200 day moving average of $11.55.
BlackRock MuniAssets Fund Announces Dividend
The company also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.0555 per share. This represents a $0.67 annualized dividend and a dividend yield of 6.20%. The ex-dividend date of this dividend is Friday, March 14th.
About BlackRock MuniAssets Fund
(Free Report)
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.
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