BlackRock MuniVest Fund, Inc. (NYSE:MVF – Get Free Report) declared a monthly dividend on Thursday, November 16th, Wall Street Journal reports. Stockholders of record on Friday, January 12th will be paid a dividend of 0.03 per share on Thursday, February 1st. This represents a $0.36 annualized dividend and a dividend yield of 5.40%. The ex-dividend date is Thursday, January 11th. This is an increase from BlackRock MuniVest Fund’s previous monthly dividend of $0.02.
BlackRock MuniVest Fund Stock Up 2.5 %
NYSE:MVF opened at $6.67 on Friday. BlackRock MuniVest Fund has a 1-year low of $5.85 and a 1-year high of $7.25. The company has a 50-day moving average of $6.22 and a 200 day moving average of $6.52.
Institutional Investors Weigh In On BlackRock MuniVest Fund
Several large investors have recently modified their holdings of the business. U.S. Capital Wealth Advisors LLC boosted its position in BlackRock MuniVest Fund by 9.9% during the first quarter. U.S. Capital Wealth Advisors LLC now owns 30,000 shares of the company’s stock valued at $245,000 after purchasing an additional 2,700 shares in the last quarter. Commonwealth Equity Services LLC increased its stake in shares of BlackRock MuniVest Fund by 19.8% in the first quarter. Commonwealth Equity Services LLC now owns 32,731 shares of the company’s stock worth $226,000 after acquiring an additional 5,402 shares during the period. Walleye Capital LLC increased its stake in shares of BlackRock MuniVest Fund by 108.1% in the second quarter. Walleye Capital LLC now owns 25,246 shares of the company’s stock worth $170,000 after acquiring an additional 13,116 shares during the period. B. Riley Wealth Advisors Inc. raised its holdings in shares of BlackRock MuniVest Fund by 105.5% during the third quarter. B. Riley Wealth Advisors Inc. now owns 23,026 shares of the company’s stock worth $153,000 after purchasing an additional 11,820 shares during the last quarter. Finally, Jane Street Group LLC acquired a new position in shares of BlackRock MuniVest Fund in the 2nd quarter valued at about $142,000. Institutional investors own 39.48% of the company’s stock.
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.
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