Rivernorth Capital Management LLC cut its position in shares of BlackRock MuniVest Fund, Inc. (NYSE:MVF - Free Report) by 5.8% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,106,980 shares of the company's stock after selling 253,624 shares during the quarter. BlackRock MuniVest Fund accounts for 1.6% of Rivernorth Capital Management LLC's investment portfolio, making the stock its 19th biggest holding. Rivernorth Capital Management LLC owned approximately 6.38% of BlackRock MuniVest Fund worth $31,213,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Indiana Trust & Investment Management Co increased its position in BlackRock MuniVest Fund by 1.2% during the third quarter. Indiana Trust & Investment Management Co now owns 147,500 shares of the company's stock worth $1,121,000 after buying an additional 1,781 shares in the last quarter. Wolverine Asset Management LLC purchased a new position in BlackRock MuniVest Fund during the third quarter worth $26,000. Larson Financial Group LLC increased its position in BlackRock MuniVest Fund by 233.3% during the third quarter. Larson Financial Group LLC now owns 5,000 shares of the company's stock worth $38,000 after buying an additional 3,500 shares in the last quarter. Integrated Capital Management Inc. increased its position in BlackRock MuniVest Fund by 16.4% during the second quarter. Integrated Capital Management Inc. now owns 27,599 shares of the company's stock worth $198,000 after buying an additional 3,882 shares in the last quarter. Finally, Seed Wealth Management Inc. increased its position in BlackRock MuniVest Fund by 19.2% during the second quarter. Seed Wealth Management Inc. now owns 24,800 shares of the company's stock worth $178,000 after buying an additional 4,000 shares in the last quarter. 48.16% of the stock is owned by institutional investors and hedge funds.
BlackRock MuniVest Fund Stock Performance
BlackRock MuniVest Fund stock traded down $0.03 during mid-day trading on Thursday, hitting $7.49. 68,495 shares of the company were exchanged, compared to its average volume of 120,227. The business's 50 day simple moving average is $7.41 and its two-hundred day simple moving average is $7.34. BlackRock MuniVest Fund, Inc. has a 12-month low of $6.73 and a 12-month high of $7.64.
BlackRock MuniVest Fund Announces Dividend
The firm also recently disclosed a monthly dividend, which was paid on Monday, December 2nd. Stockholders of record on Friday, November 15th were given a $0.036 dividend. This represents a $0.43 dividend on an annualized basis and a dividend yield of 5.77%. The ex-dividend date of this dividend was Friday, November 15th.
BlackRock MuniVest Fund Company 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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