Prospera Financial Services Inc Sells 8,426 Shares of BlackRock MuniAssets Fund, Inc. (NYSE:MUA)

Prospera Financial Services Inc reduced its stake in shares of BlackRock MuniAssets Fund, Inc. (NYSE:MUA) by 19.3% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 35,174 shares of the investment management company’s stock after selling 8,426 shares during the period. Prospera Financial Services Inc owned 0.09% of BlackRock MuniAssets Fund worth $436,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. CWM LLC boosted its stake in shares of BlackRock MuniAssets Fund by 94.1% in the 3rd quarter. CWM LLC now owns 5,415 shares of the investment management company’s stock valued at $67,000 after purchasing an additional 2,625 shares during the last quarter. Pathway Financial Advisers LLC acquired a new stake in BlackRock MuniAssets Fund during the 1st quarter worth about $61,000. Cetera Advisors LLC bought a new position in shares of BlackRock MuniAssets Fund in the 1st quarter worth about $114,000. Creative Planning bought a new position in shares of BlackRock MuniAssets Fund in the 3rd quarter worth about $128,000. Finally, Financial Counselors Inc. acquired a new position in shares of BlackRock MuniAssets Fund in the 2nd quarter valued at about $152,000. 20.38% of the stock is owned by institutional investors and hedge funds.

BlackRock MuniAssets Fund Stock Up 0.5 %

Shares of MUA stock opened at $12.06 on Monday. BlackRock MuniAssets Fund, Inc. has a 52 week low of $9.76 and a 52 week high of $12.69. The firm has a 50 day moving average of $12.19 and a 200-day moving average of $11.77.

BlackRock MuniAssets Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be paid a dividend of $0.0555 per share. This represents a $0.67 dividend on an annualized basis and a yield of 5.52%. The ex-dividend date of this dividend is Friday, November 15th.

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.