Van ECK Associates Corp Raises Holdings in BlackRock MuniAssets Fund, Inc. (NYSE:MUA)

Van ECK Associates Corp increased its holdings in BlackRock MuniAssets Fund, Inc. (NYSE:MUA) by 8.3% in the 4th quarter, HoldingsChannel reports. The fund owned 173,978 shares of the investment management company’s stock after purchasing an additional 13,261 shares during the quarter. Van ECK Associates Corp’s holdings in BlackRock MuniAssets Fund were worth $1,921,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in MUA. ST Germain D J Co. Inc. purchased a new position in shares of BlackRock MuniAssets Fund during the fourth quarter worth $33,000. CWM LLC boosted its position in shares of BlackRock MuniAssets Fund by 94.1% during the third quarter. CWM LLC now owns 5,415 shares of the investment management company’s stock worth $67,000 after buying an additional 2,625 shares during the period. Creative Planning purchased a new position in shares of BlackRock MuniAssets Fund during the third quarter worth $128,000. River Street Advisors LLC purchased a new position in shares of BlackRock MuniAssets Fund during the fourth quarter worth $119,000. Finally, Sanctuary Advisors LLC boosted 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 buying an additional 2,150 shares during the period. 20.38% of the stock is currently owned by hedge funds and other institutional investors.

BlackRock MuniAssets Fund Stock Performance

MUA opened at $11.10 on Friday. BlackRock MuniAssets Fund, Inc. has a 52 week low of $10.68 and a 52 week high of $12.69. The business has a fifty day simple moving average of $11.09 and a 200-day simple moving average of $11.71.

BlackRock MuniAssets Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Friday, February 14th will be given a dividend of $0.0555 per share. The ex-dividend date is Friday, February 14th. This represents a $0.67 annualized dividend and a dividend yield of 6.00%.

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.