Commonwealth Equity Services LLC Has $2.88 Million Stake in BlackRock MuniAssets Fund, Inc. (NYSE:MUA)

Commonwealth Equity Services LLC reduced its holdings in BlackRock MuniAssets Fund, Inc. (NYSE:MUA) by 6.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 260,652 shares of the investment management company’s stock after selling 18,946 shares during the period. Commonwealth Equity Services LLC’s holdings in BlackRock MuniAssets Fund were worth $2,878,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. PNC Financial Services Group Inc. raised its position in shares of BlackRock MuniAssets Fund by 6.7% during the 3rd quarter. PNC Financial Services Group Inc. now owns 124,390 shares of the investment management company’s stock valued at $1,542,000 after acquiring an additional 7,850 shares during the last quarter. Rockefeller Capital Management L.P. grew its stake in shares of BlackRock MuniAssets Fund by 3.9% during the third quarter. Rockefeller Capital Management L.P. now owns 163,145 shares of the investment management company’s stock worth $2,023,000 after purchasing an additional 6,054 shares during the period. Sanctuary Advisors LLC grew its stake in shares of 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 purchasing an additional 2,150 shares during the period. ST Germain D J Co. Inc. bought a new stake in BlackRock MuniAssets Fund in the fourth quarter valued at about $33,000. Finally, River Street Advisors LLC bought a new position in BlackRock MuniAssets Fund during the fourth quarter worth about $119,000. 20.38% of the stock is owned by institutional investors.

BlackRock MuniAssets Fund Stock Performance

BlackRock MuniAssets Fund stock opened at $10.91 on Wednesday. The business has a 50-day moving average of $11.01 and a 200-day moving average of $11.58. BlackRock MuniAssets Fund, Inc. has a 1 year low of $10.64 and a 1 year high of $12.69.

BlackRock MuniAssets Fund Announces Dividend

The company also recently announced 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. This represents a $0.67 annualized dividend and a yield of 6.10%. The ex-dividend date is Friday, March 14th.

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.