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

Keudell Morrison Wealth Management lowered its holdings in shares of BlackRock MuniAssets Fund, Inc. (NYSE:MUA) by 16.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 36,223 shares of the investment management company’s stock after selling 7,294 shares during the period. Keudell Morrison Wealth Management owned about 0.09% of BlackRock MuniAssets Fund worth $449,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Pathway Financial Advisers LLC boosted its holdings in BlackRock MuniAssets Fund by 1,152.5% during the 3rd quarter. Pathway Financial Advisers LLC now owns 60,371 shares of the investment management company’s stock valued at $749,000 after acquiring an additional 55,551 shares during the period. Commonwealth Equity Services LLC grew its holdings in shares of BlackRock MuniAssets Fund by 14.8% in the second quarter. Commonwealth Equity Services LLC now owns 253,744 shares of the investment management company’s stock worth $2,943,000 after purchasing an additional 32,744 shares during the last quarter. Rothschild Investment LLC bought a new stake in BlackRock MuniAssets Fund during the 2nd quarter valued at $371,000. Tyche Wealth Partners LLC bought a new stake in BlackRock MuniAssets Fund in the 2nd quarter worth $195,000. Finally, Sanctuary Advisors LLC bought a new position in shares of BlackRock MuniAssets Fund during the second quarter valued at about $171,000. Institutional investors own 20.38% of the company’s stock.

BlackRock MuniAssets Fund Trading Up 1.4 %

NYSE MUA traded up $0.17 on Thursday, hitting $12.00. The company’s stock had a trading volume of 8,710 shares, compared to its average volume of 83,533. BlackRock MuniAssets Fund, Inc. has a 52-week low of $9.22 and a 52-week high of $12.69. The company’s 50-day simple moving average is $12.19 and its 200 day simple moving average is $11.66.

BlackRock MuniAssets Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, December 2nd. Shareholders 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 is Friday, November 15th.

BlackRock MuniAssets Fund Company 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.