BlackRock MuniAssets Fund (NYSE:MUA) Shares Cross Below 200 Day Moving Average – Should You Sell?

BlackRock MuniAssets Fund, Inc. (NYSE:MUA) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $11.87 and traded as low as $10.82. BlackRock MuniAssets Fund shares last traded at $10.92, with a volume of 183,301 shares trading hands.

BlackRock MuniAssets Fund Stock Up 1.1 %

The business’s fifty day moving average price is $11.89 and its 200 day moving average price is $11.86.

BlackRock MuniAssets Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be paid a dividend of $0.0555 per share. This represents a $0.67 annualized dividend and a yield of 6.03%. The ex-dividend date is Monday, December 16th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. CWM LLC lifted 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 period. Creative Planning acquired a new stake in BlackRock MuniAssets Fund in the third quarter valued at about $128,000. Financial Counselors Inc. acquired a new stake in BlackRock MuniAssets Fund in the second quarter valued at about $152,000. PFG Investments LLC purchased a new stake in BlackRock MuniAssets Fund in the 2nd quarter valued at approximately $157,000. Finally, Sanctuary Advisors LLC acquired a new position in BlackRock MuniAssets Fund during the 2nd quarter worth approximately $171,000. 20.38% of the stock is currently owned by hedge funds and other institutional investors.

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.