Keudell Morrison Wealth Management Reduces Stake in BlackRock MuniAssets Fund, Inc. (NYSE:MUA)

Keudell Morrison Wealth Management lowered its stake in shares of BlackRock MuniAssets Fund, Inc. (NYSE:MUA) by 10.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 32,536 shares of the investment management company’s stock after selling 3,687 shares during the period. Keudell Morrison Wealth Management owned 0.08% of BlackRock MuniAssets Fund worth $359,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Rockefeller Capital Management L.P. raised its stake in shares of BlackRock MuniAssets Fund by 3.9% in the third quarter. Rockefeller Capital Management L.P. now owns 163,145 shares of the investment management company’s stock valued at $2,023,000 after buying an additional 6,054 shares during the period. PNC Financial Services Group Inc. raised its stake in BlackRock MuniAssets Fund by 6.7% in the 3rd quarter. PNC Financial Services Group Inc. now owns 124,390 shares of the investment management company’s stock valued at $1,542,000 after acquiring an additional 7,850 shares during the period. Pathway Financial Advisers LLC lifted its holdings in 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 valued at $749,000 after purchasing an additional 55,551 shares during the last quarter. Sanctuary Advisors LLC boosted its position in 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 purchasing an additional 2,150 shares during the period. Finally, Creative Planning purchased a new position in shares of BlackRock MuniAssets Fund in the third quarter worth about $128,000. Institutional investors own 20.38% of the company’s stock.

BlackRock MuniAssets Fund Stock Performance

Shares of MUA stock opened at $11.10 on Friday. The firm’s 50 day moving average is $11.34 and its 200 day moving average is $11.77. BlackRock MuniAssets Fund, Inc. has a 12 month low of $10.68 and a 12 month high of $12.69.

BlackRock MuniAssets Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Wednesday, January 15th will be issued a $0.0555 dividend. This represents a $0.67 dividend on an annualized basis and a dividend yield of 6.00%. The ex-dividend date is Wednesday, January 15th.

BlackRock MuniAssets Fund 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.