Regatta Capital Group LLC Reduces Holdings in BlackRock MuniAssets Fund, Inc. (NYSE:MUA)

Regatta Capital Group LLC lowered its position in BlackRock MuniAssets Fund, Inc. (NYSE:MUA) by 2.8% during the fourth quarter, HoldingsChannel reports. The firm owned 193,633 shares of the investment management company’s stock after selling 5,476 shares during the period. Regatta Capital Group LLC’s holdings in BlackRock MuniAssets Fund were worth $2,138,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Sanctuary Advisors LLC purchased a new position in BlackRock MuniAssets Fund during the second quarter worth approximately $171,000. CWM LLC increased its stake in shares of BlackRock MuniAssets Fund by 94.1% in 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. Creative Planning purchased a new position in shares of BlackRock MuniAssets Fund during the 3rd quarter worth $128,000. Pathway Financial Advisers LLC boosted its position in shares of 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 last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in shares of BlackRock MuniAssets Fund by 6.7% in the third quarter. PNC Financial Services Group Inc. now owns 124,390 shares of the investment management company’s stock valued at $1,542,000 after purchasing an additional 7,850 shares during the period. Hedge funds and other institutional investors own 20.38% of the company’s stock.

BlackRock MuniAssets Fund Stock Up 0.3 %

Shares of MUA stock opened at $10.98 on Friday. The firm’s 50-day moving average is $11.41 and its two-hundred day moving average is $11.79. 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 company also recently declared a monthly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Wednesday, January 15th will be given a dividend of $0.0555 per share. This represents a $0.67 annualized dividend and a dividend yield of 6.07%. The ex-dividend date of this dividend 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.