PNC Financial Services Group Inc. Has $1.54 Million Holdings in BlackRock MuniAssets Fund, Inc. (NYSE:MUA)

PNC Financial Services Group Inc. increased its holdings in shares of BlackRock MuniAssets Fund, Inc. (NYSE:MUA) by 6.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 124,390 shares of the investment management company’s stock after acquiring an additional 7,850 shares during the period. PNC Financial Services Group Inc.’s holdings in BlackRock MuniAssets Fund were worth $1,542,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of MUA. Pathway Financial Advisers LLC grew its holdings 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 purchasing an additional 55,551 shares during the last quarter. Creative Planning acquired a new position in BlackRock MuniAssets Fund during the 3rd quarter worth about $128,000. CWM LLC grew its holdings in BlackRock MuniAssets Fund by 94.1% during the 3rd quarter. CWM LLC now owns 5,415 shares of the investment management company’s stock worth $67,000 after acquiring an additional 2,625 shares during the last quarter. Sanctuary Advisors LLC bought a new position in shares of BlackRock MuniAssets Fund in the second quarter worth about $171,000. Finally, PFG Investments LLC acquired a new position in shares of BlackRock MuniAssets Fund during the second quarter worth approximately $157,000. Institutional investors own 20.38% of the company’s stock.

BlackRock MuniAssets Fund Price Performance

Shares of BlackRock MuniAssets Fund stock opened at $11.91 on Wednesday. The firm has a 50 day simple moving average of $12.18 and a 200 day simple moving average of $11.78. BlackRock MuniAssets Fund, Inc. has a fifty-two week low of $9.76 and a fifty-two week high of $12.69.

BlackRock MuniAssets Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be given a dividend of $0.0555 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.67 dividend on an annualized basis and a dividend yield of 5.59%.

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.