MUA Stock Summary and Trading Ideas (Blackrock Muniassets | NYSE:MUA)

BlackRock MuniAssets Fund, Inc.’s (MUA) (the “Fund”) 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 interest on which, in the opinion of bond counsel to the issuer, is exempt from federal income taxes. 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 (except that the interest may be subject to the federal alternative minimum tax). The Fund invests at least 65% of its assets in municipal bonds that are rated in the medium to lower categories by nationally recognized rating services (for example, Baa or lower by Moody’s Investors Service, Inc. or BBB or lower by Standard & Poor’s Corporation) or non-rated securities which are of comparable quality. The Fund may invest directly in such securities or synthetically through the use of derivatives.

Blackrock Muniassets trades on the NYSE stock market under the symbol MUA.

As of April 24, 2024, MUA stock price climbed to $11.06 with 77,319 million shares trading.

MUA has a beta of 0.48, meaning it tends to be less sensitive to market movements. MUA has a correlation of 0.16 to the broad based SPY ETF.

MUA has a market cap of $425.02 million. This is considered a Small Cap stock.

In the last 3 years, MUA stock traded as high as $17.72 and as low as $8.61.

MUA has underperformed the market in the last year with a return of +12.9%, while the SPY ETF gained +24.1%. In the last 3 month period, MUA fell short of the market, returning +3.9%, while SPY returned +4.5%. However, in the most recent 2 weeks MUA has outperformed the stock market by returning -1.2%, while SPY returned -1.7%.

MUA support price is $10.95 and resistance is $11.15 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that MUA stock will trade within this expected range on the day.