BlackRock MuniVest Fund (NYSE:MVF) Portfolio Manager Sells $36,319.86 in Stock

Key Points

• BlackRock MuniVest Fund's Portfolio Manager, Phillip Soccio, sold $36,319.86 worth of stock, consisting of 5,562 shares, at an average price of $6.53.
• The fund announced a monthly dividend of $0.036, payable on November 3rd, with an annualized yield of 6.1%.
• Several large institutional investors, including Sit Investment Associates and Raymond James Financial, increased their holdings in BlackRock MuniVest Fund during the first quarter of the year.

BlackRock MuniVest Fund, Inc. (NYSE:MVF - ) Portfolio Manager Phillip Soccio sold 5,562 shares of BlackRock MuniVest Fund stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $6.53, for a total value of $36,319.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

BlackRock MuniVest Fund Price Performance

MVF stock remained flat at $7.05 during trading on Tuesday. 71,028 shares of the company were exchanged, compared to its average volume of 119,187. The business's fifty day moving average is $6.83 and its 200-day moving average is $6.73. BlackRock MuniVest Fund, Inc. has a twelve month low of $6.43 and a twelve month high of $7.57.

BlackRock MuniVest Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, November 3rd. Stockholders of record on Wednesday, October 15th will be paid a $0.036 dividend. The ex-dividend date of this dividend is Wednesday, October 15th. This represents a c) annualized dividend and a dividend yield of 6.1%.

Hedge Funds Weigh In On BlackRock MuniVest Fund

Several large investors have recently modified their holdings of MVF. Sit Investment Associates Inc. raised its position in BlackRock MuniVest Fund by 6.5% during the 1st quarter. Sit Investment Associates Inc. now owns 1,043,379 shares of the company's stock worth $7,314,000 after purchasing an additional 63,749 shares during the last quarter. Raymond James Financial Inc. increased its position in BlackRock MuniVest Fund by 13.1% during the 1st quarter. Raymond James Financial Inc. now owns 799,908 shares of the company's stock valued at $5,607,000 after purchasing an additional 92,756 shares during the period. Invesco Ltd. raised its holdings in BlackRock MuniVest Fund by 22.7% during the 1st quarter. Invesco Ltd. now owns 284,350 shares of the company's stock worth $1,993,000 after purchasing an additional 52,587 shares during the last quarter. Guggenheim Capital LLC lifted its position in shares of BlackRock MuniVest Fund by 16.1% in the 1st quarter. Guggenheim Capital LLC now owns 1,320,597 shares of the company's stock worth $9,257,000 after purchasing an additional 182,752 shares during the period. Finally, Oppenheimer & Co. Inc. acquired a new position in shares of BlackRock MuniVest Fund in the 1st quarter worth approximately $109,000. Institutional investors own 48.16% of the company's stock.

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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