Advisors Asset Management Inc. Sells 90,575 Shares of BlackRock MuniAssets Fund, Inc. (NYSE:MUA)

Advisors Asset Management Inc. lessened its position in BlackRock MuniAssets Fund, Inc. (NYSE:MUA) by 64.2% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 50,436 shares of the investment management company’s stock after selling 90,575 shares during the period. Advisors Asset Management Inc. owned approximately 0.13% of BlackRock MuniAssets Fund worth $625,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of MUA. Cetera Advisors LLC bought a new stake in shares of BlackRock MuniAssets Fund during the first quarter worth $114,000. Pathway Financial Advisers LLC bought a new stake in shares of BlackRock MuniAssets Fund during the first quarter worth $61,000. Tyche Wealth Partners LLC bought a new stake in shares of BlackRock MuniAssets Fund during the second quarter worth $195,000. Rothschild Investment LLC bought a new stake in shares of BlackRock MuniAssets Fund during the second quarter worth $371,000. Finally, Commonwealth Equity Services LLC increased its position in shares of BlackRock MuniAssets Fund by 14.8% during the second quarter. Commonwealth Equity Services LLC now owns 253,744 shares of the investment management company’s stock worth $2,943,000 after acquiring an additional 32,744 shares in the last quarter. Institutional investors own 20.38% of the company’s stock.

BlackRock MuniAssets Fund Stock Performance

Shares of MUA opened at $12.06 on Thursday. BlackRock MuniAssets Fund, Inc. has a 12 month low of $9.83 and a 12 month high of $12.69. The firm has a fifty day simple moving average of $12.18 and a 200 day simple moving average of $11.78.

BlackRock MuniAssets Fund Announces Dividend

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

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.