HighTower Advisors LLC Acquires 1,500 Shares of BlackRock MuniAssets Fund, Inc. (NYSE:MUA)

HighTower Advisors LLC lifted its holdings in shares of BlackRock MuniAssets Fund, Inc. (NYSE:MUA) by 4.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,421 shares of the investment management company’s stock after purchasing an additional 1,500 shares during the period. HighTower Advisors LLC owned 0.09% of BlackRock MuniAssets Fund worth $402,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in MUA. Steward Partners Investment Advisory LLC boosted its holdings 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 buying an additional 1,139 shares in the last quarter. Sanctuary Advisors LLC boosted its stake in BlackRock MuniAssets Fund by 13.7% during the third quarter. Sanctuary Advisors LLC now owns 17,869 shares of the investment management company’s stock worth $215,000 after acquiring an additional 2,150 shares in the last quarter. Keybank National Association OH grew its holdings in BlackRock MuniAssets Fund by 14.2% in the fourth 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 during the period. PNC Financial Services Group Inc. increased its stake in BlackRock MuniAssets Fund by 7.5% in the fourth 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. Finally, Raymond James Financial Inc. acquired a new position in shares of BlackRock MuniAssets Fund during the fourth quarter valued at about $2,457,000. Institutional investors and hedge funds own 20.38% of the company’s stock.

BlackRock MuniAssets Fund Price Performance

MUA stock opened at $10.83 on Tuesday. The company’s 50-day moving average is $10.99 and its 200-day moving average is $11.54. BlackRock MuniAssets Fund, Inc. has a 1 year low of $10.64 and a 1 year high of $12.69.

BlackRock MuniAssets Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be paid a $0.0555 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.67 dividend on an annualized basis and a yield of 6.15%.

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.