Mackay Shields LLC Sells 55,183 Shares of BlackRock MuniVest Fund, Inc. (NYSE:MVF)

Mackay Shields LLC lowered its holdings in shares of BlackRock MuniVest Fund, Inc. (NYSE:MVF - Free Report) by 3.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,534,563 shares of the company's stock after selling 55,183 shares during the period. Mackay Shields LLC owned approximately 2.54% of BlackRock MuniVest Fund worth $10,803,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Park Avenue Securities LLC boosted its position in shares of BlackRock MuniVest Fund by 7.3% in the 4th quarter. Park Avenue Securities LLC now owns 140,206 shares of the company's stock worth $987,000 after purchasing an additional 9,537 shares in the last quarter. Raymond James & Associates raised its stake in BlackRock MuniVest Fund by 1.6% during the third quarter. Raymond James & Associates now owns 356,787 shares of the company's stock valued at $2,712,000 after buying an additional 5,504 shares during the last quarter. Hennion & Walsh Asset Management Inc. boosted its holdings in BlackRock MuniVest Fund by 80.5% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 38,977 shares of the company's stock worth $274,000 after acquiring an additional 17,383 shares in the last quarter. US Bancorp DE purchased a new stake in shares of BlackRock MuniVest Fund in the third quarter worth $64,000. Finally, Janney Montgomery Scott LLC increased its holdings in shares of BlackRock MuniVest Fund by 21.8% during the fourth quarter. Janney Montgomery Scott LLC now owns 28,471 shares of the company's stock valued at $200,000 after acquiring an additional 5,095 shares in the last quarter. Hedge funds and other institutional investors own 48.16% of the company's stock.

BlackRock MuniVest Fund Stock Performance

BlackRock MuniVest Fund stock traded up $0.02 during mid-day trading on Wednesday, reaching $7.29. The stock had a trading volume of 54,585 shares, compared to its average volume of 98,675. BlackRock MuniVest Fund, Inc. has a one year low of $6.74 and a one year high of $7.64. The company has a 50-day moving average price of $7.18 and a two-hundred day moving average price of $7.34.

BlackRock MuniVest Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Friday, February 14th will be paid a $0.036 dividend. The ex-dividend date is Friday, February 14th. This represents a $0.43 annualized dividend and a dividend yield of 5.93%.

About BlackRock MuniVest Fund

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.