BlackRock MuniAssets Fund (NYSE:MUA) Stock Price Passes Below 200 Day Moving Average – What’s Next?

BlackRock MuniAssets Fund, Inc. (NYSE:MUA) shares crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $11.74 and traded as low as $11.12. BlackRock MuniAssets Fund shares last traded at $11.14, with a volume of 52,950 shares trading hands.

BlackRock MuniAssets Fund Price Performance

The firm has a 50-day moving average price of $11.20 and a two-hundred day moving average price of $11.74.

BlackRock MuniAssets Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, March 3rd. Investors of record on Friday, February 14th will be given a $0.0555 dividend. The ex-dividend date is Friday, February 14th. This represents a $0.67 annualized dividend and a yield of 5.98%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. HighTower Advisors LLC lifted its holdings in shares of BlackRock MuniAssets Fund by 4.3% during the fourth quarter. HighTower Advisors LLC now owns 36,421 shares of the investment management company’s stock valued at $402,000 after acquiring an additional 1,500 shares during the period. PNC Financial Services Group Inc. lifted its holdings in shares of BlackRock MuniAssets Fund by 7.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 133,680 shares of the investment management company’s stock valued at $1,476,000 after purchasing an additional 9,290 shares in the last quarter. Raymond James Financial Inc. bought a new stake in BlackRock MuniAssets Fund in the 4th quarter valued at approximately $2,457,000. Keybank National Association OH raised its stake in shares of BlackRock MuniAssets Fund by 14.2% during the 4th quarter. Keybank National Association OH now owns 1,004,022 shares of the investment management company’s stock worth $11,084,000 after purchasing an additional 124,464 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC raised its stake in shares of BlackRock MuniAssets Fund by 1.5% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 74,735 shares of the investment management company’s stock worth $825,000 after purchasing an additional 1,139 shares in the last quarter. 20.38% of the stock is owned by institutional investors.

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.