Keudell Morrison Wealth Management Sells 7,294 Shares of BlackRock MuniAssets Fund, Inc. (NYSE:MUA)

Keudell Morrison Wealth Management decreased its position in shares of BlackRock MuniAssets Fund, Inc. (NYSE:MUA) by 16.8% during the third quarter, according to its most recent filing with the SEC. The firm owned 36,223 shares of the investment management company’s stock after selling 7,294 shares during the period. Keudell Morrison Wealth Management’s holdings in BlackRock MuniAssets Fund were worth $449,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. CWM LLC grew its stake in 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. Pathway Financial Advisers LLC bought a new position in shares of BlackRock MuniAssets Fund in the 1st quarter worth about $61,000. Cetera Advisors LLC purchased a new position in BlackRock MuniAssets Fund during the 1st quarter valued at about $114,000. Creative Planning bought a new stake in BlackRock MuniAssets Fund during the third quarter worth about $128,000. Finally, Financial Counselors Inc. bought a new stake in BlackRock MuniAssets Fund during the second quarter worth about $152,000. Institutional investors own 20.38% of the company’s stock.

BlackRock MuniAssets Fund Price Performance

Shares of NYSE MUA traded up $0.17 on Thursday, reaching $12.00. 8,710 shares of the company’s stock traded hands, compared to its average volume of 83,533. The business’s 50 day simple moving average is $12.19 and its two-hundred day simple moving average is $11.66. BlackRock MuniAssets Fund, Inc. has a 12 month low of $9.22 and a 12 month high of $12.69.

BlackRock MuniAssets Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be given a dividend of $0.0555 per share. This represents a $0.67 dividend on an annualized basis and a yield of 5.55%. The ex-dividend date of this dividend is Friday, November 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.