Rivernorth Capital Management LLC Trims Holdings in BlackRock MuniVest Fund, Inc. (NYSE:MVF)

Rivernorth Capital Management LLC lessened its position in shares of BlackRock MuniVest Fund, Inc. (NYSE:MVF - Free Report) by 6.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,099,224 shares of the company's stock after selling 261,380 shares during the quarter. BlackRock MuniVest Fund makes up 1.5% of Rivernorth Capital Management LLC's holdings, making the stock its 19th biggest position. Rivernorth Capital Management LLC owned about 6.37% of BlackRock MuniVest Fund worth $31,154,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wolverine Asset Management LLC acquired a new stake in shares of BlackRock MuniVest Fund during the 3rd quarter valued at about $26,000. Larson Financial Group LLC lifted its position in shares of BlackRock MuniVest Fund by 233.3% during the 3rd quarter. Larson Financial Group LLC now owns 5,000 shares of the company's stock valued at $38,000 after buying an additional 3,500 shares in the last quarter. US Bancorp DE acquired a new stake in BlackRock MuniVest Fund in the 3rd quarter valued at $64,000. Cetera Advisors LLC purchased a new stake in BlackRock MuniVest Fund in the 1st quarter worth $101,000. Finally, Benjamin Edwards Inc. acquired a new position in BlackRock MuniVest Fund during the third quarter worth $160,000. Hedge funds and other institutional investors own 48.16% of the company's stock.

BlackRock MuniVest Fund Stock Down 1.2 %

Shares of NYSE MVF traded down $0.09 during trading on Friday, hitting $7.25. The company had a trading volume of 181,522 shares, compared to its average volume of 121,285. The stock has a fifty day simple moving average of $7.39 and a two-hundred day simple moving average of $7.36. BlackRock MuniVest Fund, Inc. has a fifty-two week low of $6.73 and a fifty-two week high of $7.64.

BlackRock MuniVest Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be given a $0.036 dividend. The ex-dividend date is Monday, December 16th. This represents a $0.43 annualized dividend and a dividend yield of 5.96%.

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.