Walleye Capital LLC Invests $506,000 in BlackRock MuniVest Fund, Inc. (NYSE:MVF)

Walleye Capital LLC bought a new stake in BlackRock MuniVest Fund, Inc. (NYSE:MVFGet Rating) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 61,951 shares of the company’s stock, valued at approximately $506,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Guggenheim Capital LLC raised its stake in shares of BlackRock MuniVest Fund by 2.5% during the first quarter. Guggenheim Capital LLC now owns 1,487,766 shares of the company’s stock valued at $12,141,000 after purchasing an additional 36,529 shares in the last quarter. Raymond James & Associates increased its stake in BlackRock MuniVest Fund by 4.4% during the 1st quarter. Raymond James & Associates now owns 641,596 shares of the company’s stock valued at $5,235,000 after buying an additional 26,990 shares during the period. Advisors Asset Management Inc. raised its position in shares of BlackRock MuniVest Fund by 30.8% during the 1st quarter. Advisors Asset Management Inc. now owns 609,076 shares of the company’s stock worth $4,970,000 after buying an additional 143,443 shares in the last quarter. Robinson Capital Management LLC raised its position in shares of BlackRock MuniVest Fund by 94.1% during the 1st quarter. Robinson Capital Management LLC now owns 476,428 shares of the company’s stock worth $3,902,000 after buying an additional 231,009 shares in the last quarter. Finally, Fiera Capital Corp lifted its stake in shares of BlackRock MuniVest Fund by 179.3% in the 1st quarter. Fiera Capital Corp now owns 457,992 shares of the company’s stock worth $3,737,000 after acquiring an additional 294,019 shares during the period. Institutional investors own 23.30% of the company’s stock.

BlackRock MuniVest Fund Trading Down 1.8 %

NYSE MVF opened at $6.70 on Friday. BlackRock MuniVest Fund, Inc. has a 12 month low of $6.69 and a 12 month high of $9.88. The company’s 50 day simple moving average is $7.44 and its 200 day simple moving average is $7.61.

BlackRock MuniVest Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, October 3rd. Stockholders of record on Thursday, September 15th will be paid a $0.0335 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 6.00%. The ex-dividend date is Wednesday, September 14th.

About BlackRock MuniVest Fund

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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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Institutional Ownership by Quarter for BlackRock MuniVest Fund (NYSE:MVF)

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