BlackRock MuniVest Fund, Inc. (NYSE:MVF - Get Free Report) declared a monthly dividend on Wednesday, June 4th, Wall Street Journal reports. Shareholders of record on Friday, June 13th will be given a dividend of 0.036 per share on Tuesday, July 1st. This represents a $0.43 annualized dividend and a yield of 6.46%. The ex-dividend date is Friday, June 13th.
BlackRock MuniVest Fund Price Performance
Shares of NYSE MVF remained flat at $6.69 during trading on Thursday. The stock had a trading volume of 76,009 shares, compared to its average volume of 101,248. The firm has a 50-day moving average of $6.79 and a 200-day moving average of $7.07. BlackRock MuniVest Fund has a 1 year low of $6.50 and a 1 year high of $7.64.
Hedge Funds Weigh In On BlackRock MuniVest Fund
A hedge fund recently raised its stake in BlackRock MuniVest Fund stock. Royal Bank of Canada boosted its holdings in BlackRock MuniVest Fund, Inc. (NYSE:MVF - Free Report) by 2.4% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund 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. 48.16% of the stock is owned by institutional investors.
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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