Capital Investment Advisors LLC Raises Stake in BlackRock MuniVest Fund, Inc. (NYSE:MVF)

Capital Investment Advisors LLC boosted its holdings in shares of BlackRock MuniVest Fund, Inc. (NYSE:MVF) by 3.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 352,899 shares of the company’s stock after buying an additional 12,674 shares during the quarter. Capital Investment Advisors LLC owned 0.55% of BlackRock MuniVest Fund worth $2,484,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Wolverine Asset Management LLC purchased a new position in shares of BlackRock MuniVest Fund during the third quarter worth $26,000. Larson Financial Group LLC lifted its holdings in shares of BlackRock MuniVest Fund by 233.3% in 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 during the period. US Bancorp DE acquired a new position in shares of BlackRock MuniVest Fund in the 3rd quarter valued at about $64,000. Benjamin Edwards Inc. acquired a new stake in BlackRock MuniVest Fund during the third quarter worth about $160,000. Finally, Hennion & Walsh Asset Management Inc. purchased a new position in BlackRock MuniVest Fund during the third quarter valued at approximately $164,000. 48.16% of the stock is currently owned by institutional investors and hedge funds.

BlackRock MuniVest Fund Price Performance

Shares of NYSE:MVF opened at $7.14 on Tuesday. BlackRock MuniVest Fund, Inc. has a 12-month low of $6.73 and a 12-month high of $7.64. The business has a 50 day moving average of $7.26 and a two-hundred day moving average of $7.36.

BlackRock MuniVest Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, February 3rd. Investors of record on Wednesday, January 15th will be paid a $0.036 dividend. This represents a $0.43 annualized dividend and a dividend yield of 6.05%. The ex-dividend date of this dividend is Wednesday, January 15th.

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.