BlackRock MuniVest Fund, Inc. Announces Monthly Dividend of $0.04 (NYSE:MVF)

Key Points

• BlackRock MuniVest Fund, Inc. (NYSE:MVF) announced a monthly dividend of $0.04, with stockholders of record set to receive it on September 2nd.
• The fund's annualized dividend yield stands at 6.5%, with the ex-dividend date being August 15th.
• On the trading day prior to the announcement, BlackRock MuniVest Fund stock increased by 0.3%, reaching a price of $6.66.

BlackRock MuniVest Fund, Inc. (NYSE:MVF - Get Free Report) declared a monthly dividend on Tuesday, August 5th, Wall Street Journal reports. Stockholders of record on Friday, August 15th will be paid a dividend of 0.036 per share on Tuesday, September 2nd. This represents a c) annualized dividend and a dividend yield of 6.5%. The ex-dividend date is Friday, August 15th.

BlackRock MuniVest Fund Stock Down 0.4%

BlackRock MuniVest Fund stock traded down $0.03 during trading hours on Thursday, hitting $6.63. The company had a trading volume of 80,473 shares, compared to its average volume of 106,327. The firm has a 50-day moving average of $6.60 and a 200 day moving average of $6.86. BlackRock MuniVest Fund has a one year low of $6.43 and a one year high of $7.64.

Institutional Trading of BlackRock MuniVest Fund

A number of institutional investors have recently modified their holdings of the business. Royal Bank of Canada increased its stake in shares of BlackRock MuniVest Fund by 2.4% in the first quarter. Royal Bank of Canada now owns 74,834 shares of the company's stock worth $525,000 after purchasing an additional 1,779 shares in the last quarter. Bessemer Group Inc. grew its stake in BlackRock MuniVest Fund by 83.1% during the fourth quarter. Bessemer Group Inc. now owns 4,106 shares of the company's stock valued at $29,000 after acquiring an additional 1,864 shares in the last quarter. Bank of America Corp DE grew its stake in BlackRock MuniVest Fund by 0.5% during the fourth quarter. Bank of America Corp DE now owns 447,153 shares of the company's stock valued at $3,148,000 after acquiring an additional 2,051 shares in the last quarter. Indiana Trust & Investment Management Co grew its stake in shares of BlackRock MuniVest Fund by 1.5% in the 1st quarter. Indiana Trust & Investment Management Co now owns 151,754 shares of the company's stock worth $1,064,000 after buying an additional 2,234 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its stake in shares of BlackRock MuniVest Fund by 1.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 168,766 shares of the company's stock worth $1,110,000 after buying an additional 2,293 shares in the last quarter. 48.16% of the stock is currently owned by hedge funds and other institutional investors.

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.