Pathway Financial Advisers LLC Has $749,000 Stake in BlackRock MuniAssets Fund, Inc. (NYSE:MUA)

Pathway Financial Advisers LLC boosted its holdings in shares of BlackRock MuniAssets Fund, Inc. (NYSE:MUA) by 1,152.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,371 shares of the investment management company’s stock after purchasing an additional 55,551 shares during the period. Pathway Financial Advisers LLC owned 0.16% of BlackRock MuniAssets Fund worth $749,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of MUA. Commonwealth Equity Services LLC increased its holdings in BlackRock MuniAssets Fund by 42.0% during the 1st quarter. Commonwealth Equity Services LLC now owns 221,000 shares of the investment management company’s stock valued at $2,449,000 after purchasing an additional 65,383 shares in the last quarter. Rothschild Investment LLC acquired a new stake in BlackRock MuniAssets Fund during the 2nd quarter valued at $371,000. Tyche Wealth Partners LLC acquired a new stake in BlackRock MuniAssets Fund during the 2nd quarter valued at $195,000. Sanctuary Advisors LLC acquired a new stake in shares of BlackRock MuniAssets Fund in the 2nd quarter valued at $171,000. Finally, PFG Investments LLC acquired a new stake in shares of BlackRock MuniAssets Fund in the 2nd quarter valued at $157,000. 20.38% of the stock is owned by institutional investors and hedge funds.

BlackRock MuniAssets Fund Price Performance

NYSE MUA opened at $11.68 on Friday. The stock has a fifty day moving average of $12.19 and a 200-day moving average of $11.63. BlackRock MuniAssets Fund, Inc. has a 52 week low of $8.61 and a 52 week high of $12.69.

BlackRock MuniAssets Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, November 1st. Stockholders of record on Tuesday, October 15th will be paid a $0.0555 dividend. The ex-dividend date is Tuesday, October 15th. This represents a $0.67 annualized dividend and a dividend yield of 5.70%.

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.