Steward Partners Investment Advisory LLC Grows Stock Holdings in BlackRock MuniAssets Fund, Inc. (NYSE:MUA)

Steward Partners Investment Advisory LLC raised its position in BlackRock MuniAssets Fund, Inc. (NYSE:MUA) by 1.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 74,735 shares of the investment management company’s stock after acquiring an additional 1,139 shares during the quarter. Steward Partners Investment Advisory LLC owned approximately 0.19% of BlackRock MuniAssets Fund worth $825,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. Wolverine Asset Management LLC purchased a new position in shares of BlackRock MuniAssets Fund in the fourth quarter valued at about $60,000. Van ECK Associates Corp increased its position in shares of BlackRock MuniAssets Fund by 8.3% in the fourth quarter. Van ECK Associates Corp now owns 173,978 shares of the investment management company’s stock valued at $1,921,000 after acquiring an additional 13,261 shares during the period. River Street Advisors LLC purchased a new position in shares of BlackRock MuniAssets Fund in the fourth quarter valued at about $119,000. ST Germain D J Co. Inc. purchased a new position in shares of BlackRock MuniAssets Fund in the fourth quarter valued at about $33,000. Finally, Sanctuary Advisors LLC increased its position in shares of BlackRock MuniAssets Fund by 13.7% in the third quarter. Sanctuary Advisors LLC now owns 17,869 shares of the investment management company’s stock valued at $215,000 after acquiring an additional 2,150 shares during the period. Hedge funds and other institutional investors own 20.38% of the company’s stock.

BlackRock MuniAssets Fund Stock Performance

MUA stock opened at $10.89 on Tuesday. BlackRock MuniAssets Fund, Inc. has a 12-month low of $10.68 and a 12-month high of $12.69. The firm’s 50-day moving average price is $11.06 and its two-hundred day moving average price is $11.67.

BlackRock MuniAssets Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be given a dividend of $0.0555 per share. This represents a $0.67 annualized dividend and a dividend yield of 6.12%. The ex-dividend date is Friday, March 14th.

BlackRock MuniAssets Fund 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.