BlackRock MuniAssets Fund (NYSE:MUA) Share Price Crosses Below Two Hundred Day Moving Average – What’s Next?

BlackRock MuniAssets Fund, Inc. (NYSE:MUA)’s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $11.83 and traded as low as $10.83. BlackRock MuniAssets Fund shares last traded at $10.88, with a volume of 93,503 shares trading hands.

BlackRock MuniAssets Fund Price Performance

The company’s 50 day moving average is $11.65 and its 200 day moving average is $11.83.

BlackRock MuniAssets Fund Announces Dividend

The firm 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 $0.0555 dividend. The ex-dividend date is Wednesday, January 15th. This represents a $0.67 dividend on an annualized basis and a dividend yield of 6.12%.

Hedge Funds Weigh In On BlackRock MuniAssets Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MUA. ST Germain D J Co. Inc. bought a new stake in BlackRock MuniAssets Fund during the fourth quarter worth about $33,000. CWM LLC increased 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 valued at $67,000 after acquiring an additional 2,625 shares during the last quarter. Creative Planning acquired a new position in BlackRock MuniAssets Fund during the third quarter valued at approximately $128,000. PFG Investments LLC bought a new stake in BlackRock MuniAssets Fund during the second quarter worth $157,000. Finally, Sanctuary Advisors LLC acquired a new stake in shares of BlackRock MuniAssets Fund in the 2nd quarter valued at $171,000. 20.38% of the stock is owned by institutional investors and hedge funds.

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.