Sanctuary Advisors LLC Takes Position in BlackRock MuniAssets Fund, Inc. (NYSE:MUA)

Sanctuary Advisors LLC bought a new position in shares of BlackRock MuniAssets Fund, Inc. (NYSE:MUA) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 15,719 shares of the investment management company’s stock, valued at approximately $171,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Commonwealth Equity Services LLC lifted its position in BlackRock MuniAssets Fund by 42.0% during the first quarter. Commonwealth Equity Services LLC now owns 221,000 shares of the investment management company’s stock worth $2,449,000 after acquiring an additional 65,383 shares during the last quarter. PFG Investments LLC acquired a new stake in BlackRock MuniAssets Fund during the 2nd quarter worth approximately $157,000. Financial Counselors Inc. bought a new stake in BlackRock MuniAssets Fund in the 2nd quarter valued at $152,000. Nomura Holdings Inc. acquired a new position in BlackRock MuniAssets Fund in the 4th quarter valued at $115,000. Finally, Cetera Advisors LLC bought a new position in BlackRock MuniAssets Fund during the 1st quarter worth $114,000. Institutional investors own 20.38% of the company’s stock.

BlackRock MuniAssets Fund Price Performance

MUA opened at $12.66 on Monday. The stock has a fifty day moving average of $12.14 and a 200-day moving average of $11.60. BlackRock MuniAssets Fund, Inc. has a fifty-two week low of $8.61 and a fifty-two week high of $12.69.

BlackRock MuniAssets Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 15th will be paid a $0.0555 dividend. This represents a $0.67 annualized dividend and a yield of 5.26%. The ex-dividend date is Tuesday, October 15th.

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.