Dakota Wealth Management Sells 9,359 Shares of BlackRock MuniVest Fund, Inc. (NYSE:MVF)

Dakota Wealth Management trimmed its stake in BlackRock MuniVest Fund, Inc. (NYSE:MVF) by 3.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 237,645 shares of the company’s stock after selling 9,359 shares during the quarter. Dakota Wealth Management’s holdings in BlackRock MuniVest Fund were worth $1,673,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. Hennion & Walsh Asset Management Inc. boosted its holdings in BlackRock MuniVest Fund by 80.5% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 38,977 shares of the company’s stock worth $274,000 after acquiring an additional 17,383 shares in the last quarter. Park Avenue Securities LLC boosted its holdings in BlackRock MuniVest Fund by 7.3% in the fourth quarter. Park Avenue Securities LLC now owns 140,206 shares of the company’s stock worth $987,000 after acquiring an additional 9,537 shares in the last quarter. Capital Investment Advisors LLC boosted its holdings in BlackRock MuniVest Fund by 3.7% in the fourth quarter. Capital Investment Advisors LLC now owns 352,899 shares of the company’s stock worth $2,484,000 after acquiring an additional 12,674 shares in the last quarter. Virtu Financial LLC bought a new stake in BlackRock MuniVest Fund in the third quarter worth $218,000. Finally, Benjamin Edwards Inc. bought a new stake in BlackRock MuniVest Fund in the third quarter worth $160,000. 48.16% of the stock is owned by institutional investors.

BlackRock MuniVest Fund Stock Performance

MVF stock opened at $7.12 on Friday. BlackRock MuniVest Fund, Inc. has a 1-year low of $6.74 and a 1-year high of $7.64. The business has a fifty day moving average price of $7.24 and a 200-day moving average price of $7.36.

BlackRock MuniVest Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, February 3rd. Stockholders 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 6.07%. The ex-dividend date is Wednesday, January 15th.

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.