Royal Bank of Canada boosted its stake in shares of BR-MUNIASSET FD (NYSE:MUA) by 1,429.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 39,159 shares of the investment management company’s stock after acquiring an additional 36,599 shares during the quarter. Royal Bank of Canada’s holdings in BR-MUNIASSET FD were worth $586,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently bought and sold shares of MUA. Janney Montgomery Scott LLC lifted its position in BR-MUNIASSET FD by 5.1% during the 2nd quarter. Janney Montgomery Scott LLC now owns 20,433 shares of the investment management company’s stock worth $306,000 after acquiring an additional 1,000 shares during the period. Oarsman Capital Inc. lifted its position in BR-MUNIASSET FD by 3.6% during the 2nd quarter. Oarsman Capital Inc. now owns 61,960 shares of the investment management company’s stock worth $928,000 after acquiring an additional 2,125 shares during the period. Ameriprise Financial Inc. lifted its position in BR-MUNIASSET FD by 10.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 29,939 shares of the investment management company’s stock worth $448,000 after acquiring an additional 2,737 shares during the period. Finally, Advisor Group Inc. lifted its position in BR-MUNIASSET FD by 9.1% during the 2nd quarter. Advisor Group Inc. now owns 13,479 shares of the investment management company’s stock worth $202,000 after acquiring an additional 1,124 shares during the period. 5.36% of the stock is owned by institutional investors.
Shares of BR-MUNIASSET FD (MUA) opened at $15.00 on Monday. BR-MUNIASSET FD has a 1 year low of $13.07 and a 1 year high of $15.84.
The firm also recently declared a monthly dividend, which will be paid on Friday, December 1st. Stockholders of record on Wednesday, November 15th will be issued a $0.0575 dividend. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $0.69 annualized dividend and a dividend yield of 4.60%.
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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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