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

BlackRock MuniAssets Fund, Inc. (NYSE:MUA)’s share price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $11.59 and traded as low as $10.87. BlackRock MuniAssets Fund shares last traded at $10.94, with a volume of 120,916 shares changing hands.

BlackRock MuniAssets Fund Stock Performance

The firm has a 50 day moving average price of $11.01 and a 200-day moving average price of $11.59.

BlackRock MuniAssets Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be issued a $0.0555 dividend. This represents a $0.67 annualized dividend and a dividend yield of 6.09%. The ex-dividend date of this dividend is Friday, March 14th.

Hedge Funds Weigh In On BlackRock MuniAssets Fund

Several hedge funds have recently bought and sold shares of MUA. Mpwm Advisory Solutions LLC acquired a new stake in shares of BlackRock MuniAssets Fund during the 4th quarter worth about $1,003,000. Nomura Holdings Inc. acquired a new stake in BlackRock MuniAssets Fund during the fourth quarter worth approximately $177,000. Measured Risk Portfolios Inc. purchased a new stake in BlackRock MuniAssets Fund in the 4th quarter worth approximately $49,000. Cetera Investment Advisers lifted its stake in shares of BlackRock MuniAssets Fund by 22.0% during the 4th quarter. Cetera Investment Advisers now owns 27,730 shares of the investment management company’s stock worth $306,000 after purchasing an additional 4,997 shares during the period. Finally, Bank of America Corp DE lifted its stake in shares of BlackRock MuniAssets Fund by 10.1% during the 4th quarter. Bank of America Corp DE now owns 1,152,278 shares of the investment management company’s stock worth $12,721,000 after purchasing an additional 106,107 shares during the period. Hedge funds and other institutional investors own 20.38% of the company’s stock.

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.