United Capital Financial Advisers LLC Has $279,000 Stock Holdings in BlackRock MuniAssets Fund, Inc. (NYSE:MUA)

United Capital Financial Advisers LLC decreased its holdings in shares of BlackRock MuniAssets Fund, Inc. (NYSE:MUA – Get Rating) by 11.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,214 shares of the investment management company’s stock after selling 3,648 shares during the period. United Capital Financial Advisers LLC owned 0.07% of BlackRock MuniAssets Fund worth $279,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Captrust Financial Advisors bought a new position in shares of BlackRock MuniAssets Fund in the second quarter valued at approximately $31,000. Wolverine Asset Management LLC purchased a new stake in shares of BlackRock MuniAssets Fund during the third quarter valued at approximately $65,000. US Bancorp DE increased its position in shares of BlackRock MuniAssets Fund by 69.3% during the first quarter. US Bancorp DE now owns 5,250 shares of the investment management company’s stock valued at $68,000 after acquiring an additional 2,149 shares during the last quarter. Mariner Investment Group LLC purchased a new stake in shares of BlackRock MuniAssets Fund during the second quarter valued at approximately $138,000. Finally, AE Wealth Management LLC increased its position in shares of BlackRock MuniAssets Fund by 21.4% during the third quarter. AE Wealth Management LLC now owns 16,443 shares of the investment management company’s stock valued at $169,000 after acquiring an additional 2,898 shares during the last quarter. Institutional investors own 11.76% of the company’s stock.

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BlackRock MuniAssets Fund Stock Down 1.8 %

Shares of MUA opened at $10.25 on Wednesday. The stock has a 50 day moving average of $10.99 and a 200 day moving average of $10.74. BlackRock MuniAssets Fund, Inc. has a 12 month low of $9.47 and a 12 month high of $13.63.

BlackRock MuniAssets Fund Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, April 3rd. Shareholders of record on Wednesday, March 15th will be given a $0.0405 dividend. This represents a $0.49 dividend on an annualized basis and a yield of 4.74%. The ex-dividend date of this dividend is Tuesday, March 14th.

BlackRock MuniAssets Fund Profile

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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.

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