AQR Arbitrage LLC Sells 96,500 Shares of BlackRock MuniVest Fund, Inc. (NYSE:MVF)

AQR Arbitrage LLC trimmed its holdings in shares of BlackRock MuniVest Fund, Inc. (NYSE:MVF - Free Report) by 43.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 124,845 shares of the company's stock after selling 96,500 shares during the period. AQR Arbitrage LLC owned approximately 0.21% of BlackRock MuniVest Fund worth $879,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of MVF. Virtu Financial LLC bought a new position in shares of BlackRock MuniVest Fund during the 3rd quarter worth approximately $218,000. Capital Investment Advisors LLC boosted its holdings in shares of BlackRock MuniVest Fund by 3.7% during the 4th quarter. Capital Investment Advisors LLC now owns 352,899 shares of the company's stock worth $2,484,000 after buying an additional 12,674 shares in the last quarter. Park Avenue Securities LLC lifted its holdings in shares of BlackRock MuniVest Fund by 7.3% in the 4th quarter. Park Avenue Securities LLC now owns 140,206 shares of the company's stock worth $987,000 after purchasing an additional 9,537 shares in the last quarter. Hennion & Walsh Asset Management Inc. lifted its holdings in shares of BlackRock MuniVest Fund by 80.5% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 38,977 shares of the company's stock worth $274,000 after purchasing an additional 17,383 shares in the last quarter. Finally, Janney Montgomery Scott LLC grew its position in BlackRock MuniVest Fund by 21.8% in the 4th quarter. Janney Montgomery Scott LLC now owns 28,471 shares of the company's stock valued at $200,000 after purchasing an additional 5,095 shares during the period. 48.16% of the stock is currently owned by institutional investors.

BlackRock MuniVest Fund Stock Performance

MVF opened at $6.87 on Friday. The company's fifty day moving average price is $6.97 and its two-hundred day moving average price is $7.16. BlackRock MuniVest Fund, Inc. has a 1-year low of $6.50 and a 1-year high of $7.64.

BlackRock MuniVest Fund Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, May 1st. Stockholders of record on Tuesday, April 15th were given a dividend of $0.036 per share. This represents a $0.43 annualized dividend and a dividend yield of 6.29%. The ex-dividend date of this dividend was Tuesday, April 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.

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