Stayce D. Harris, a director at BlackRock (NYSE:BLK) MuniAssets Fund, Inc. (NYSE:MUA), recently purchased shares of the company's common stock. On October 29, Harris acquired 10 shares at a price of $11.4599 per share, totaling approximately $114. This transaction brings Harris's total holdings to 10 shares.
InvestingPro Insights
Following the recent share purchase by director Stayce D. Harris, investors might find additional context in BlackRock MuniAssets Fund's (NYSE:MUA) current market position and financial metrics. According to InvestingPro data, MUA has a market capitalization of $439.05 million and is trading at a P/E ratio of 10.22, suggesting a relatively modest valuation compared to some peers in the asset management sector.
The fund's dividend yield stands at an attractive 5.85%, which could be of particular interest to income-focused investors. This aligns with an InvestingPro Tip noting that MUA has maintained dividend payments for 32 consecutive years, demonstrating a strong commitment to shareholder returns.
Another InvestingPro Tip indicates that the stock's RSI suggests it is in oversold territory. This technical indicator, coupled with the director's recent purchase, might signal a potential buying opportunity for some investors. However, it's important to note that InvestingPro offers several additional tips that could provide a more comprehensive view of MUA's investment profile.
For those seeking a deeper analysis, InvestingPro provides over 10 additional tips and metrics for BlackRock MuniAssets Fund, which can be accessed through their premium service.
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