1607 Capital Partners LLC increased its stake in shares of BlackRock MuniVest Fund, Inc. (NYSE:MVF - Free Report) by 39.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 551,113 shares of the company's stock after buying an additional 156,865 shares during the period. 1607 Capital Partners LLC owned 0.91% of BlackRock MuniVest Fund worth $3,880,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also bought and sold shares of the company. HighTower Advisors LLC bought a new position in BlackRock MuniVest Fund during the 4th quarter worth $423,000. Raymond James Financial Inc. acquired a new stake in BlackRock MuniVest Fund during the fourth quarter worth approximately $4,978,000. Park Avenue Securities LLC increased its stake in BlackRock MuniVest Fund by 7.3% during the 4th quarter. Park Avenue Securities LLC now owns 140,206 shares of the company's stock worth $987,000 after acquiring an additional 9,537 shares during the period. Sit Investment Associates Inc. lifted its position in shares of BlackRock MuniVest Fund by 318.5% during the 4th quarter. Sit Investment Associates Inc. now owns 979,630 shares of the company's stock valued at $6,897,000 after acquiring an additional 745,558 shares during the period. Finally, Hennion & Walsh Asset Management Inc. lifted its position in BlackRock MuniVest Fund by 80.5% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 38,977 shares of the company's stock worth $274,000 after purchasing an additional 17,383 shares during the period. Institutional investors and hedge funds own 48.16% of the company's stock.
BlackRock MuniVest Fund Stock Performance
BlackRock MuniVest Fund stock traded down $0.08 during midday trading on Monday, reaching $6.65. The company's stock had a trading volume of 79,336 shares, compared to its average volume of 109,661. BlackRock MuniVest Fund, Inc. has a 52 week low of $6.50 and a 52 week high of $7.64. The business has a 50-day moving average price of $7.05 and a 200-day moving average price of $7.21.
BlackRock MuniVest Fund Dividend Announcement
The firm also recently announced a monthly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Tuesday, April 15th will be issued a $0.036 dividend. The ex-dividend date is Tuesday, April 15th. This represents a $0.43 dividend on an annualized basis and a yield of 6.50%.
BlackRock MuniVest Fund Profile
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Free Report)
BlackRock MuniVest 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 the fixed income markets of the United States. It primarily invests in investment grade, long term municipal obligations that are exempt from federal income taxes.
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