Allspring Global Investments Holdings LLC lowered its holdings in shares of BlackRock MuniVest Fund, Inc. (NYSE:MVF - Free Report) by 37.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 787,781 shares of the company's stock after selling 464,096 shares during the period. Allspring Global Investments Holdings LLC owned about 1.22% of BlackRock MuniVest Fund worth $5,987,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Pathway Financial Advisers LLC acquired a new position in shares of BlackRock MuniVest Fund in the first quarter valued at approximately $59,000. Aviance Capital Partners LLC acquired a new position in shares of BlackRock MuniVest Fund in the first quarter valued at approximately $74,000. Cetera Advisors LLC acquired a new position in shares of BlackRock MuniVest Fund in the first quarter valued at approximately $101,000. B. Riley Wealth Advisors Inc. raised its position in shares of BlackRock MuniVest Fund by 105.4% in the first quarter. B. Riley Wealth Advisors Inc. now owns 22,910 shares of the company's stock valued at $162,000 after buying an additional 11,755 shares during the last quarter. Finally, Seed Wealth Management Inc. raised its position in shares of BlackRock MuniVest Fund by 19.2% in the second quarter. Seed Wealth Management Inc. now owns 24,800 shares of the company's stock valued at $178,000 after buying an additional 4,000 shares during the last quarter. Institutional investors and hedge funds own 48.16% of the company's stock.
BlackRock MuniVest Fund Stock Performance
Shares of NYSE:MVF traded down $0.04 during trading on Monday, reaching $7.23. The stock had a trading volume of 73,049 shares, compared to its average volume of 125,138. The business has a fifty day moving average price of $7.50 and a 200-day moving average price of $7.26. BlackRock MuniVest Fund, Inc. has a fifty-two week low of $5.91 and a fifty-two week high of $7.64.
BlackRock MuniVest Fund Increases Dividend
The company also recently disclosed a monthly dividend, which will be paid on Friday, November 1st. Stockholders of record on Tuesday, October 15th will be given a $0.036 dividend. This represents a $0.43 dividend on an annualized basis and a dividend yield of 5.98%. The ex-dividend date is Tuesday, October 15th. This is a positive change from BlackRock MuniVest Fund's previous monthly dividend of $0.03.
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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