BlackRock MuniAssets Fund (NYSE:MUA) Stock Price Crosses Below 200 Day Moving Average – Time to Sell?

BlackRock MuniAssets Fund, Inc. (NYSE:MUA) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $11.83 and traded as low as $10.83. BlackRock MuniAssets Fund shares last traded at $10.88, with a volume of 93,503 shares.

BlackRock MuniAssets Fund Stock Down 1.9 %

The business has a 50 day moving average price of $11.67 and a two-hundred day moving average price of $11.83.

BlackRock MuniAssets Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Wednesday, January 15th will be given a $0.0555 dividend. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $0.67 annualized dividend and a yield of 6.12%.

Institutional Investors Weigh In On BlackRock MuniAssets Fund

Institutional investors have recently added to or reduced their stakes in the company. Pathway Financial Advisers LLC raised its stake in shares of BlackRock MuniAssets Fund by 1,152.5% during the third quarter. Pathway Financial Advisers LLC now owns 60,371 shares of the investment management company’s stock valued at $749,000 after acquiring an additional 55,551 shares during the last quarter. Sanctuary Advisors LLC purchased a new position in BlackRock MuniAssets Fund during the 2nd quarter valued at about $171,000. PFG Investments LLC bought a new position in BlackRock MuniAssets Fund during the 2nd quarter valued at approximately $157,000. Creative Planning purchased a new stake in BlackRock MuniAssets Fund in the 3rd quarter worth approximately $128,000. Finally, PNC Financial Services Group Inc. grew its position in shares of BlackRock MuniAssets Fund by 6.7% in the 3rd quarter. PNC Financial Services Group Inc. now owns 124,390 shares of the investment management company’s stock worth $1,542,000 after buying an additional 7,850 shares during the last quarter. Hedge funds and other institutional investors own 20.38% of the company’s stock.

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.