PNC Financial Services Group Inc. Reduces Stock Position in BlackRock MuniAssets Fund, Inc. (NYSE:MUA)

PNC Financial Services Group Inc. lessened its stake in BlackRock MuniAssets Fund, Inc. (NYSE:MUA) by 11.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 102,051 shares of the investment management company’s stock after selling 13,231 shares during the period. PNC Financial Services Group Inc. owned 0.26% of BlackRock MuniAssets Fund worth $1,081,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC lifted its position in BlackRock MuniAssets Fund by 1.3% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 87,149 shares of the investment management company’s stock worth $923,000 after acquiring an additional 1,131 shares during the period. Fortitude Advisory Group L.L.C. grew its position in BlackRock MuniAssets Fund by 18.2% in the 4th quarter. Fortitude Advisory Group L.L.C. now owns 14,462 shares of the investment management company’s stock valued at $153,000 after buying an additional 2,227 shares during the last quarter. Pineridge Advisors LLC acquired a new position in BlackRock MuniAssets Fund in the 4th quarter valued at $29,000. Gladstone Institutional Advisory LLC raised its position in BlackRock MuniAssets Fund by 36.0% during the 4th quarter. Gladstone Institutional Advisory LLC now owns 15,244 shares of the investment management company’s stock worth $161,000 after buying an additional 4,033 shares during the last quarter. Finally, Kingswood Wealth Advisors LLC acquired a new stake in shares of BlackRock MuniAssets Fund in the 4th quarter worth $182,000. Institutional investors and hedge funds own 20.38% of the company’s stock.

BlackRock MuniAssets Fund Price Performance

Shares of MUA stock opened at $11.55 on Monday. BlackRock MuniAssets Fund, Inc. has a twelve month low of $8.61 and a twelve month high of $11.75. The firm has a 50-day moving average price of $11.13 and a 200 day moving average price of $10.99.

BlackRock MuniAssets Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, June 14th will be paid a dividend of $0.0555 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $0.67 dividend on an annualized basis and a yield of 5.77%.

BlackRock MuniAssets Fund Company Profile

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.