Keybank National Association OH Buys New Holdings in Blackrock Muniassets Fund, Inc. (MUA)

Keybank National Association OH bought a new position in Blackrock Muniassets Fund, Inc. (NYSE:MUA) during the 1st quarter, Holdings Channel reports. The fund bought 83,932 shares of the investment management company’s stock, valued at approximately $1,246,000.

Several other hedge funds also recently added to or reduced their stakes in MUA. Raymond James & Associates increased its position in shares of Blackrock Muniassets Fund by 7.6% during the 1st quarter. Raymond James & Associates now owns 308,352 shares of the investment management company’s stock worth $4,579,000 after purchasing an additional 21,709 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its position in shares of Blackrock Muniassets Fund by 9.7% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 131,071 shares of the investment management company’s stock worth $1,946,000 after purchasing an additional 11,570 shares during the last quarter. Cetera Advisor Networks LLC increased its position in shares of Blackrock Muniassets Fund by 8.8% during the 1st quarter. Cetera Advisor Networks LLC now owns 35,335 shares of the investment management company’s stock worth $527,000 after purchasing an additional 2,860 shares during the last quarter. Steward Partners Investment Advisory LLC increased its position in shares of Blackrock Muniassets Fund by 15.2% during the 1st quarter. Steward Partners Investment Advisory LLC now owns 162,589 shares of the investment management company’s stock worth $2,414,000 after purchasing an additional 21,407 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its position in shares of Blackrock Muniassets Fund by 22.2% during the 1st quarter. Janney Montgomery Scott LLC now owns 44,004 shares of the investment management company’s stock worth $653,000 after purchasing an additional 8,008 shares during the last quarter. 6.78% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE:MUA opened at $14.94 on Monday. Blackrock Muniassets Fund, Inc. has a 12-month low of $12.50 and a 12-month high of $15.35.

The company also recently announced a monthly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Wednesday, May 15th will be given a $0.0545 dividend. This represents a $0.65 annualized dividend and a yield of 4.38%. The ex-dividend date is Tuesday, May 14th.

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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.

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Want to see what other hedge funds are holding MUA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Blackrock Muniassets Fund, Inc. (NYSE:MUA).

Institutional Ownership by Quarter for Blackrock Muniassets Fund (NYSE:MUA)

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