Van ECK Associates Corp Acquires 52,145 Shares of BlackRock MuniVest Fund, Inc. (NYSE:MVF)

Van ECK Associates Corp raised its holdings in shares of BlackRock MuniVest Fund, Inc. (NYSE:MVF) by 12.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 476,969 shares of the company’s stock after buying an additional 52,145 shares during the period. Van ECK Associates Corp owned about 0.74% of BlackRock MuniVest Fund worth $3,396,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Allspring Global Investments Holdings LLC increased its stake in BlackRock MuniVest Fund by 57.8% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,251,877 shares of the company’s stock worth $8,913,000 after purchasing an additional 458,564 shares during the period. Stonebrook Private Inc. bought a new stake in BlackRock MuniVest Fund during the 4th quarter valued at $91,000. Alpine Global Management LLC purchased a new stake in BlackRock MuniVest Fund during the 3rd quarter valued at $214,000. Karpus Management Inc. increased its position in shares of BlackRock MuniVest Fund by 8.3% in the third quarter. Karpus Management Inc. now owns 7,353,043 shares of the company’s stock valued at $44,559,000 after acquiring an additional 565,205 shares during the period. Finally, Seed Wealth Management Inc. bought a new position in shares of BlackRock MuniVest Fund during the fourth quarter valued at about $176,000. 48.16% of the stock is owned by institutional investors.

BlackRock MuniVest Fund Stock Performance

Shares of NYSE:MVF opened at $6.97 on Tuesday. BlackRock MuniVest Fund, Inc. has a 1 year low of $5.85 and a 1 year high of $7.19. The stock’s 50-day moving average is $6.95 and its 200 day moving average is $6.83.

BlackRock MuniVest Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, June 3rd. Investors of record on Wednesday, May 15th will be issued a $0.03 dividend. This represents a $0.36 annualized dividend and a yield of 5.16%. The ex-dividend date is Tuesday, May 14th.

BlackRock MuniVest Fund 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.