BlackRock MuniVest Fund, Inc. (NYSE:MVF - Get Free Report) announced a monthly dividend on Thursday, July 3rd, Wall Street Journal reports. Shareholders of record on Tuesday, July 15th will be given a dividend of 0.036 per share on Friday, August 1st. This represents a $0.43 annualized dividend and a yield of 6.51%. The ex-dividend date is Tuesday, July 15th.
BlackRock MuniVest Fund Price Performance
NYSE MVF remained flat at $6.64 on Friday. 94,479 shares of the company were exchanged, compared to its average volume of 106,325. BlackRock MuniVest Fund has a 52 week low of $6.50 and a 52 week high of $7.64. The business has a fifty day moving average of $6.71 and a 200 day moving average of $6.96.
Hedge Funds Weigh In On BlackRock MuniVest Fund
An institutional investor recently raised its position in BlackRock MuniVest Fund stock. Royal Bank of Canada boosted its stake in shares of BlackRock MuniVest Fund, Inc. (NYSE:MVF - Free Report) by 2.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 74,834 shares of the company's stock after acquiring an additional 1,779 shares during the quarter. Royal Bank of Canada owned 0.12% of BlackRock MuniVest Fund worth $525,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 48.16% of the company's stock.
About BlackRock MuniVest Fund
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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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