ST Germain D J Co. Inc. Invests $33,000 in BlackRock MuniAssets Fund, Inc. (NYSE:MUA)

ST Germain D J Co. Inc. bought a new stake in BlackRock MuniAssets Fund, Inc. (NYSE:MUA) during the fourth quarter, Holdings Channel.com reports. The fund bought 3,000 shares of the investment management company’s stock, valued at approximately $33,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Sanctuary Advisors LLC increased its position 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 in the last quarter. Rockefeller Capital Management L.P. lifted its stake in BlackRock MuniAssets Fund by 3.9% in the third quarter. Rockefeller Capital Management L.P. now owns 163,145 shares of the investment management company’s stock valued at $2,023,000 after buying an additional 6,054 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of BlackRock MuniAssets Fund by 6.7% in the third 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 period. Pathway Financial Advisers LLC grew its position in shares of BlackRock MuniAssets Fund by 1,152.5% during the third quarter. Pathway Financial Advisers LLC now owns 60,371 shares of the investment management company’s stock worth $749,000 after acquiring an additional 55,551 shares during the last quarter. Finally, Creative Planning acquired a new position in shares of BlackRock MuniAssets Fund in the 3rd quarter valued at $128,000. 20.38% of the stock is owned by hedge funds and other institutional investors.

BlackRock MuniAssets Fund Trading Down 1.9 %

Shares of NYSE:MUA opened at $10.88 on Friday. BlackRock MuniAssets Fund, Inc. has a 1-year low of $10.57 and a 1-year high of $12.69. The firm has a fifty day moving average price of $11.65 and a 200 day moving average price of $11.83.

BlackRock MuniAssets Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, February 3rd. Investors of record on Wednesday, January 15th will be given a $0.0555 dividend. This represents a $0.67 annualized dividend and a yield of 6.12%. The ex-dividend date of this dividend is Wednesday, January 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.