BlackRock MuniAssets Fund (NYSE:MUA) Share Price Passes Below 200 Day Moving Average – Should You Sell?

BlackRock MuniAssets Fund, Inc. (NYSE:MUA) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $11.80 and traded as low as $11.07. BlackRock MuniAssets Fund shares last traded at $11.11, with a volume of 127,908 shares changing hands.

BlackRock MuniAssets Fund Stock Performance

The firm has a 50 day simple moving average of $11.49 and a two-hundred day simple moving average of $11.80.

BlackRock MuniAssets Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, February 3rd. Investors of record on Wednesday, January 15th will be paid a dividend of $0.0555 per share. This represents a $0.67 dividend on an annualized basis and a dividend yield of 5.99%. The ex-dividend date is Wednesday, January 15th.

Hedge Funds Weigh In On BlackRock MuniAssets Fund

Institutional investors and hedge funds have recently bought and sold shares of the stock. ST Germain D J Co. Inc. bought a new position in BlackRock MuniAssets Fund during the 4th quarter valued at $33,000. CWM LLC lifted its holdings in shares of 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 buying an additional 2,625 shares during the period. Creative Planning bought a new position in BlackRock MuniAssets Fund during the third quarter valued at about $128,000. Sanctuary Advisors LLC acquired a new position in BlackRock MuniAssets Fund during the second quarter worth about $171,000. Finally, Pathway Financial Advisers LLC raised its position in BlackRock MuniAssets Fund by 1,152.5% in the third quarter. Pathway Financial Advisers LLC now owns 60,371 shares of the investment management company’s stock worth $749,000 after acquiring an additional 55,551 shares in the last quarter. Institutional investors own 20.38% of the company’s stock.

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.