Raymond James Financial Inc. bought a new position in BlackRock MuniVest Fund, Inc. (NYSE:MVF - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 707,152 shares of the company's stock, valued at approximately $4,978,000. Raymond James Financial Inc. owned 1.17% of BlackRock MuniVest Fund as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in MVF. Indiana Trust & Investment Management Co lifted its holdings in shares of BlackRock MuniVest Fund by 1.4% in the fourth quarter. Indiana Trust & Investment Management Co now owns 149,520 shares of the company's stock worth $1,053,000 after buying an additional 2,020 shares in the last quarter. Larson Financial Group LLC lifted its stake in BlackRock MuniVest Fund by 233.3% in the 3rd quarter. Larson Financial Group LLC now owns 5,000 shares of the company's stock worth $38,000 after purchasing an additional 3,500 shares in the last quarter. Janney Montgomery Scott LLC lifted its stake in BlackRock MuniVest Fund by 21.8% in the 4th quarter. Janney Montgomery Scott LLC now owns 28,471 shares of the company's stock worth $200,000 after purchasing an additional 5,095 shares in the last quarter. Leo Wealth LLC boosted its holdings in BlackRock MuniVest Fund by 1.7% in the 4th quarter. Leo Wealth LLC now owns 307,617 shares of the company's stock valued at $2,166,000 after purchasing an additional 5,283 shares during the period. Finally, Park Avenue Securities LLC grew its position in shares of BlackRock MuniVest Fund by 7.3% during the 4th quarter. Park Avenue Securities LLC now owns 140,206 shares of the company's stock valued at $987,000 after purchasing an additional 9,537 shares in the last quarter. Hedge funds and other institutional investors own 48.16% of the company's stock.
BlackRock MuniVest Fund Stock Performance
Shares of BlackRock MuniVest Fund stock remained flat at $7.02 during trading on Friday. 67,883 shares of the stock traded hands, compared to its average volume of 110,178. BlackRock MuniVest Fund, Inc. has a 52-week low of $6.74 and a 52-week high of $7.64. The company's 50 day moving average price is $7.19 and its 200-day moving average price is $7.29.
BlackRock MuniVest Fund Dividend Announcement
The firm also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be issued a $0.036 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.43 annualized dividend and a dividend yield of 6.15%.
BlackRock MuniVest Fund Company Profile
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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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