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

Key Points

• BlackRock MuniVest Fund, Inc. announced a monthly dividend of $0.04 per share, with a dividend yield of 6.5%, payable on October 1st to stockholders of record as of September 15th.
• Diverging stock performance was noted as shares of MVF traded at $6.63, with a 52-week range between $6.43 and $7.64 and an average trading volume of 108,342 shares.
• Several institutional investors have increased their stakes in the fund, with Geneos Wealth Management raising its position by 88.1% in the second quarter.

BlackRock MuniVest Fund, Inc. (NYSE:MVF - Get Free Report) announced a monthly dividend on Tuesday, September 2nd. Stockholders of record on Monday, September 15th will be given a dividend of 0.036 per share on Wednesday, October 1st. This represents a c) annualized dividend and a dividend yield of 6.5%. The ex-dividend date of this dividend is Monday, September 15th.

BlackRock MuniVest Fund Price Performance

Shares of MVF stock traded down $0.01 during mid-day trading on Thursday, hitting $6.63. 50,441 shares of the company's stock were exchanged, compared to its average volume of 108,342. BlackRock MuniVest Fund has a fifty-two week low of $6.43 and a fifty-two week high of $7.64. The stock has a 50-day simple moving average of $6.58 and a two-hundred day simple moving average of $6.78.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. Geneos Wealth Management Inc. raised its position in shares of BlackRock MuniVest Fund by 88.1% in the 2nd quarter. Geneos Wealth Management Inc. now owns 4,728 shares of the company's stock worth $31,000 after buying an additional 2,215 shares during the period. Ameriprise Financial Inc. purchased a new position in BlackRock MuniVest Fund in the second quarter valued at about $232,000. Jane Street Group LLC purchased a new position in BlackRock MuniVest Fund in the second quarter valued at about $155,000. Raymond James Financial Inc. raised its position in BlackRock MuniVest Fund by 16.4% in the second quarter. Raymond James Financial Inc. now owns 931,347 shares of the company's stock valued at $6,128,000 after purchasing an additional 131,439 shares during the period. Finally, NewEdge Advisors LLC purchased a new position in BlackRock MuniVest Fund in the second quarter valued at about $140,000. 48.16% of the stock is 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.

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