BlackRock MuniAssets Fund (NYSE:MUA) Stock Price Passes Above Fifty Day Moving Average – Here’s What Happened

Shares of BlackRock MuniAssets Fund, Inc. (NYSE:MUA) crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $10.26 and traded as high as $10.45. BlackRock MuniAssets Fund shares last traded at $10.43, with a volume of 109,032 shares trading hands.

BlackRock MuniAssets Fund Stock Performance

The stock’s 50 day simple moving average is $10.26 and its 200 day simple moving average is $10.65.

BlackRock MuniAssets Fund Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Friday, June 13th were given a dividend of $0.0555 per share. This represents a $0.67 annualized dividend and a dividend yield of 6.39%. The ex-dividend date was Friday, June 13th.

Hedge Funds Weigh In On BlackRock MuniAssets Fund

Several large investors have recently added to or reduced their stakes in MUA. Bank of America Corp DE increased its holdings in 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 in the last quarter. Guggenheim Capital LLC boosted its position in shares of BlackRock MuniAssets Fund by 4.4% during the fourth quarter. Guggenheim Capital LLC now owns 1,146,514 shares of the investment management company’s stock valued at $12,658,000 after buying an additional 48,336 shares during the last quarter. Mariner LLC grew its holdings in BlackRock MuniAssets Fund by 32.8% during the fourth quarter. Mariner LLC now owns 1,110,045 shares of the investment management company’s stock worth $12,255,000 after buying an additional 273,870 shares in the last quarter. Keybank National Association OH lifted its stake in 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 valued at $11,084,000 after acquiring an additional 124,464 shares in the last quarter. Finally, Polar Asset Management Partners Inc. bought a new stake in shares of BlackRock MuniAssets Fund in the 1st quarter worth $5,928,000. Institutional investors own 20.38% of the company’s stock.

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.