Advisors Asset Management Inc. lowered its holdings in BlackRock MuniVest Fund, Inc. (NYSE:MVF - Free Report) by 14.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 476,504 shares of the company's stock after selling 82,135 shares during the quarter. Advisors Asset Management Inc. owned 0.79% of BlackRock MuniVest Fund worth $3,355,000 at the end of the most recent quarter.
Other institutional investors also recently added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new stake in shares of BlackRock MuniVest Fund in the fourth quarter valued at approximately $4,978,000. Capital Investment Advisors LLC grew its position in BlackRock MuniVest Fund by 3.7% in the 4th quarter. Capital Investment Advisors LLC now owns 352,899 shares of the company's stock worth $2,484,000 after purchasing an additional 12,674 shares during the last quarter. Leo Wealth LLC grew its position in BlackRock MuniVest Fund by 1.7% in the 4th quarter. Leo Wealth LLC now owns 307,617 shares of the company's stock worth $2,166,000 after purchasing an additional 5,283 shares during the last quarter. Indiana Trust & Investment Management Co raised its position in shares of BlackRock MuniVest Fund by 1.4% during the fourth quarter. Indiana Trust & Investment Management Co now owns 149,520 shares of the company's stock valued at $1,053,000 after buying an additional 2,020 shares during the last quarter. Finally, Park Avenue Securities LLC raised its position in shares of BlackRock MuniVest Fund by 7.3% during the fourth quarter. Park Avenue Securities LLC now owns 140,206 shares of the company's stock valued at $987,000 after buying an additional 9,537 shares during the last quarter. 48.16% of the stock is owned by institutional investors.
BlackRock MuniVest Fund Stock Down 1.0 %
MVF stock traded down $0.07 during trading on Tuesday, reaching $7.15. 95,838 shares of the stock were exchanged, compared to its average volume of 111,123. BlackRock MuniVest Fund, Inc. has a twelve month low of $6.74 and a twelve month high of $7.64. The stock has a 50 day simple moving average of $7.20 and a 200-day simple moving average of $7.30.
BlackRock MuniVest Fund Announces Dividend
The company also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be given a dividend of $0.036 per share. This represents a $0.43 dividend on an annualized basis and a dividend yield of 6.04%. The ex-dividend date of this dividend is Friday, March 14th.
BlackRock MuniVest Fund Profile
(
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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