BlackRock MuniAssets Fund (NYSE:MUA) Hits New 1-Year Low – Time to Sell?

Shares of BlackRock MuniAssets Fund, Inc. (NYSE:MUA) hit a new 52-week low during mid-day trading on Monday . The company traded as low as $9.91 and last traded at $9.93, with a volume of 205445 shares traded. The stock had previously closed at $9.94.

BlackRock MuniAssets Fund Stock Performance

The company has a 50-day moving average of $10.45 and a 200 day moving average of $10.63.

BlackRock MuniAssets Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th will be issued a dividend of $0.0555 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a c) annualized dividend and a dividend yield of 6.7%.

Institutional Investors Weigh In On BlackRock MuniAssets Fund

Institutional investors and hedge funds have recently bought and sold shares of the stock. Kestra Advisory Services LLC bought a new stake in BlackRock MuniAssets Fund during the fourth quarter valued at approximately $50,000. Hollencrest Capital Management bought a new position in shares of BlackRock MuniAssets Fund in the 1st quarter worth $52,000. Advisory Services Network LLC purchased a new stake in shares of BlackRock MuniAssets Fund during the 3rd quarter valued at $75,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of BlackRock MuniAssets Fund by 212.4% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 7,003 shares of the investment management company’s stock worth $73,000 after acquiring an additional 4,761 shares during the last quarter. Finally, Fifth Third Bancorp purchased a new position in BlackRock MuniAssets Fund in the first quarter worth $95,000. 20.38% of the stock is owned by hedge funds and other institutional investors.

About BlackRock MuniAssets Fund

BlackRock MuniAssets Fund, Inc (NYSE: MUA) is a closed-end management investment company that seeks to provide current income exempt from federal income tax. Managed by BlackRock, one of the world’s leading investment managers, the fund primarily invests in a diversified portfolio of investment-grade municipal debt obligations. Its holdings typically include general obligation and revenue bonds issued by state and local governments, utilities, and infrastructure entities across the United States.

The fund employs a combination of active security selection and duration management to navigate changing interest rate and credit environments.