BlackRock MuniAssets Fund, Inc. (NYSE:MUA) Shares Sold by Rivernorth Capital Management LLC

Rivernorth Capital Management LLC decreased its stake in BlackRock MuniAssets Fund, Inc. (NYSE:MUA) by 90.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 89,135 shares of the investment management company’s stock after selling 825,712 shares during the quarter. Rivernorth Capital Management LLC owned approximately 0.23% of BlackRock MuniAssets Fund worth $1,105,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of MUA. Cetera Advisors LLC acquired a new stake in shares of BlackRock MuniAssets Fund in the first quarter valued at about $114,000. Tyche Wealth Partners LLC acquired a new stake in shares of BlackRock MuniAssets Fund in the second quarter valued at about $195,000. Rothschild Investment LLC acquired a new stake in shares of BlackRock MuniAssets Fund in the second quarter valued at about $371,000. Commonwealth Equity Services LLC boosted its position in BlackRock MuniAssets Fund by 14.8% during the second quarter. Commonwealth Equity Services LLC now owns 253,744 shares of the investment management company’s stock worth $2,943,000 after acquiring an additional 32,744 shares during the last quarter. Finally, Financial Counselors Inc. acquired a new position in BlackRock MuniAssets Fund during the second quarter worth about $152,000. Institutional investors and hedge funds own 20.38% of the company’s stock.

BlackRock MuniAssets Fund Stock Performance

MUA opened at $12.05 on Thursday. BlackRock MuniAssets Fund, Inc. has a twelve month low of $10.23 and a twelve month high of $12.69. The firm’s 50-day moving average price is $12.16 and its 200 day moving average price is $11.82.

BlackRock MuniAssets Fund Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Monday, December 2nd. Investors of record on Friday, November 15th were given a dividend of $0.0555 per share. The ex-dividend date was Friday, November 15th. This represents a $0.67 dividend on an annualized basis and a yield of 5.53%.

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.