BlackRock MuniAssets Fund (NYSE:MUA) Stock Price Crosses Below Two Hundred Day Moving Average – Here’s Why

BlackRock MuniAssets Fund, Inc. (NYSE:MUA)’s stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-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 Stock Performance

The company has a 50-day simple moving average of $11.01 and a two-hundred day simple moving average of $11.57.

BlackRock MuniAssets Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.0555 per share. The ex-dividend date is Friday, March 14th. This represents a $0.67 annualized dividend and a dividend yield of 6.16%.

Hedge Funds Weigh In On BlackRock MuniAssets Fund

Several institutional investors have recently added to or reduced their stakes in the business. ST Germain D J Co. Inc. bought a new stake in shares of BlackRock MuniAssets Fund during the 4th quarter valued at $33,000. Measured Risk Portfolios Inc. purchased a new stake in shares of BlackRock MuniAssets Fund in the fourth quarter worth $49,000. Wolverine Asset Management LLC bought a new stake in BlackRock MuniAssets Fund during the fourth quarter valued at $60,000. River Street Advisors LLC purchased a new position in BlackRock MuniAssets Fund during the fourth quarter worth about $119,000. Finally, Finward Bancorp bought a new position in BlackRock MuniAssets Fund in the 4th quarter worth about $172,000. 20.38% of the stock is owned by institutional investors and hedge funds.

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.