BlackRock MuniAssets Fund (NYSE:MUA) Stock Price Passes Below 200-Day Moving Average – What’s Next?

Shares of BlackRock MuniAssets Fund, Inc. (NYSE:MUA) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $11.59 and traded as low as $10.87. BlackRock MuniAssets Fund shares last traded at $10.94, with a volume of 120,916 shares.

BlackRock MuniAssets Fund Price Performance

The firm has a 50-day moving average of $11.01 and a two-hundred day moving average of $11.59.

BlackRock MuniAssets Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be paid a $0.0555 dividend. This represents a $0.67 annualized dividend and a dividend yield of 6.09%. The ex-dividend date is Friday, March 14th.

Institutional Investors Weigh In On BlackRock MuniAssets Fund

Several large investors have recently made changes to their positions in the business. ST Germain D J Co. Inc. purchased a new stake in shares of BlackRock MuniAssets Fund during the 4th quarter valued at about $33,000. Measured Risk Portfolios Inc. acquired a new stake in BlackRock MuniAssets Fund in the fourth quarter valued at approximately $49,000. Wolverine Asset Management LLC purchased a new stake in shares of BlackRock MuniAssets Fund during the fourth quarter valued at approximately $60,000. River Street Advisors LLC acquired a new position in shares of BlackRock MuniAssets Fund during the fourth quarter worth $119,000. Finally, Finward Bancorp purchased a new position in shares of BlackRock MuniAssets Fund in the fourth quarter valued at $172,000. Institutional investors and hedge funds 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.