Sanctuary Advisors LLC Increases Stock Holdings in BlackRock MuniAssets Fund, Inc. (NYSE:MUA)

Sanctuary Advisors LLC boosted its stake in shares of BlackRock MuniAssets Fund, Inc. (NYSE:MUA) by 13.7% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 17,869 shares of the investment management company’s stock after acquiring an additional 2,150 shares during the period. Sanctuary Advisors LLC’s holdings in BlackRock MuniAssets Fund were worth $215,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. CWM LLC lifted its position in shares of BlackRock MuniAssets Fund by 94.1% in the third quarter. CWM LLC now owns 5,415 shares of the investment management company’s stock valued at $67,000 after acquiring an additional 2,625 shares in the last quarter. Creative Planning purchased a new stake in shares of BlackRock MuniAssets Fund in the third quarter valued at about $128,000. Financial Counselors Inc. acquired a new stake in shares of BlackRock MuniAssets Fund during the 2nd quarter worth approximately $152,000. PFG Investments LLC purchased a new stake in BlackRock MuniAssets Fund in the second quarter valued at $157,000. Finally, Rothschild Investment LLC purchased a new position in shares of BlackRock MuniAssets Fund during the 2nd quarter worth $371,000. 20.38% of the stock is owned by hedge funds and other institutional investors.

BlackRock MuniAssets Fund Stock Up 0.4 %

NYSE:MUA opened at $11.16 on Monday. BlackRock MuniAssets Fund, Inc. has a fifty-two week low of $10.44 and a fifty-two week high of $12.69. The company has a 50 day moving average price of $11.81 and a 200 day moving average price of $11.86.

BlackRock MuniAssets Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be paid a $0.0555 dividend. This represents a $0.67 annualized dividend and a dividend yield of 5.97%. The ex-dividend date is Monday, December 16th.

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.