HighTower Advisors LLC Makes New $423,000 Investment in BlackRock MuniVest Fund, Inc. (NYSE:MVF)

HighTower Advisors LLC bought a new position in shares of BlackRock MuniVest Fund, Inc. (NYSE:MVF - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 60,038 shares of the company's stock, valued at approximately $423,000. HighTower Advisors LLC owned approximately 0.10% of BlackRock MuniVest Fund as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Raymond James Financial Inc. purchased a new stake in shares of BlackRock MuniVest Fund in the 4th quarter worth about $4,978,000. Virtu Financial LLC acquired a new stake in shares of BlackRock MuniVest Fund in the third quarter valued at approximately $218,000. Benjamin Edwards Inc. purchased a new position in shares of BlackRock MuniVest Fund during the 3rd quarter worth approximately $160,000. Noble Wealth Management PBC acquired a new position in shares of BlackRock MuniVest Fund during the 4th quarter worth approximately $142,000. Finally, Hennion & Walsh Asset Management Inc. lifted its stake in BlackRock MuniVest Fund by 80.5% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 38,977 shares of the company's stock valued at $274,000 after buying an additional 17,383 shares in the last quarter. 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 mid-day trading on Friday, hitting $7.01. 169,897 shares of the company were exchanged, compared to its average volume of 108,761. The business's 50 day simple moving average is $7.18 and its two-hundred day simple moving average is $7.28. BlackRock MuniVest Fund, Inc. has a 12-month low of $6.74 and a 12-month high of $7.64.

BlackRock MuniVest Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Tuesday, April 15th will be given a $0.036 dividend. This represents a $0.43 dividend on an annualized basis and a dividend yield of 6.16%. The ex-dividend date of this dividend is Tuesday, April 15th.

BlackRock MuniVest Fund Company Profile

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.