Royal Bank of Canada lifted its position in BR-MUNIASSET FD (NYSE:MUA) by 1,429.6% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,159 shares of the investment management company’s stock after buying an additional 36,599 shares during the period. Royal Bank of Canada’s holdings in BR-MUNIASSET FD were worth $586,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Advisor Group Inc. increased its position in shares of BR-MUNIASSET FD by 9.1% in the 2nd quarter. Advisor Group Inc. now owns 13,479 shares of the investment management company’s stock valued at $202,000 after buying an additional 1,124 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in BR-MUNIASSET FD by 5.1% in the 2nd quarter. Janney Montgomery Scott LLC now owns 20,433 shares of the investment management company’s stock worth $306,000 after purchasing an additional 1,000 shares during the period. Ameriprise Financial Inc. boosted its stake in BR-MUNIASSET FD by 10.1% in the 2nd quarter. Ameriprise Financial Inc. now owns 29,939 shares of the investment management company’s stock worth $448,000 after purchasing an additional 2,737 shares during the period. Finally, Oarsman Capital Inc. boosted its stake in BR-MUNIASSET FD by 3.6% in the 2nd quarter. Oarsman Capital Inc. now owns 61,960 shares of the investment management company’s stock worth $928,000 after purchasing an additional 2,125 shares during the period. Institutional investors and hedge funds own 5.20% of the company’s stock.
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BR-MUNIASSET FD (MUA) opened at $15.02 on Friday. BR-MUNIASSET FD has a one year low of $12.96 and a one year high of $15.84.
The business also recently announced a monthly dividend, which will be paid on Friday, December 1st. Investors of record on Wednesday, November 15th will be paid a $0.0575 dividend. This represents a $0.69 dividend on an annualized basis and a yield of 4.59%. The ex-dividend date is Tuesday, November 14th.
BR-MUNIASSET FD Profile
BlackRock MuniAssets Fund, Inc is a non-diversified closed-end management investment company. The Fund’s investment objective is to provide high current income exempt from federal income taxes by investing primarily in a portfolio of medium- to lower-grade or unrated municipal obligations. The Fund seeks to achieve its investment objective by investing, under normal market conditions, at least 80% of its assets in municipal bonds exempt from federal income taxes.
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