Pathway Financial Advisers LLC Sells 55,434 Shares of BlackRock MuniAssets Fund, Inc. (NYSE:MUA)

Pathway Financial Advisers LLC trimmed its position in BlackRock MuniAssets Fund, Inc. (NYSE:MUA) by 91.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,937 shares of the investment management company’s stock after selling 55,434 shares during the quarter. Pathway Financial Advisers LLC’s holdings in BlackRock MuniAssets Fund were worth $54,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of MUA. ST Germain D J Co. Inc. bought a new stake in BlackRock MuniAssets Fund during the 4th quarter worth approximately $33,000. CWM LLC increased its holdings in shares of BlackRock MuniAssets Fund by 94.1% in the third quarter. CWM LLC now owns 5,415 shares of the investment management company’s stock worth $67,000 after purchasing an additional 2,625 shares during the period. River Street Advisors LLC purchased a new stake in shares of BlackRock MuniAssets Fund in the fourth quarter worth $119,000. Creative Planning bought a new stake in BlackRock MuniAssets Fund during the third quarter valued at $128,000. Finally, Sanctuary Advisors LLC purchased a new position in BlackRock MuniAssets Fund during the second quarter worth about $171,000. 20.38% of the stock is currently owned by institutional investors.

BlackRock MuniAssets Fund Stock Performance

Shares of NYSE MUA opened at $10.99 on Friday. The stock’s 50-day simple moving average is $11.16 and its two-hundred day simple moving average is $11.73. BlackRock MuniAssets Fund, Inc. has a twelve month low of $10.68 and a twelve month high of $12.69.

BlackRock MuniAssets Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 3rd. Investors of record on Friday, February 14th will be given a $0.0555 dividend. This represents a $0.67 annualized dividend and a dividend yield of 6.06%. The ex-dividend date of this dividend is Friday, February 14th.

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.