BlackRock MuniVest Fund, Inc. $MVF Shares Sold by Mackay Shields LLC

Key Points

• Mackay Shields LLC reduced its stake in BlackRock MuniVest Fund, Inc. (MVF) by 7.0% in the second quarter, owning 1,320,857 shares valued at approximately $8.69 million post-sale.
• Multiple institutional investors, including Guggenheim Capital and Raymond James Financial, increased their holdings in MVF, showcasing a trend of increased institutional interest in the fund.
• The BlackRock MuniVest Fund has declared a monthly dividend of $0.036 per share, translating to an annualized yield of 6.1%, with payments scheduled for November 3rd.

Mackay Shields LLC reduced its stake in shares of BlackRock MuniVest Fund, Inc. (NYSE:MVF - Free Report) by 7.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,320,857 shares of the company's stock after selling 99,577 shares during the period. Mackay Shields LLC owned 2.19% of BlackRock MuniVest Fund worth $8,691,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of MVF. Guggenheim Capital LLC raised its position in shares of BlackRock MuniVest Fund by 16.1% during 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 last quarter. Raymond James Financial Inc. raised its position in shares of BlackRock MuniVest Fund by 13.1% during the 1st quarter. Raymond James Financial Inc. now owns 799,908 shares of the company's stock worth $5,607,000 after purchasing an additional 92,756 shares during the last quarter. Leo Wealth LLC raised its position in shares of BlackRock MuniVest Fund by 32.7% during the 2nd quarter. Leo Wealth LLC now owns 322,826 shares of the company's stock worth $2,124,000 after purchasing an additional 79,510 shares during the last quarter. Sit Investment Associates Inc. raised its holdings in BlackRock MuniVest Fund by 6.5% in the 1st quarter. Sit Investment Associates Inc. now owns 1,043,379 shares of the company's stock valued at $7,314,000 after acquiring an additional 63,749 shares during the last quarter. Finally, Invesco Ltd. raised its holdings in BlackRock MuniVest Fund by 22.7% in the 1st quarter. Invesco Ltd. now owns 284,350 shares of the company's stock valued at $1,993,000 after acquiring an additional 52,587 shares during the last quarter. 48.16% of the stock is currently owned by institutional investors and hedge funds.

BlackRock MuniVest Fund Trading Down 0.3%

Shares of MVF opened at $7.03 on Friday. The stock has a fifty day moving average of $6.77 and a two-hundred day moving average of $6.73. BlackRock MuniVest Fund, Inc. has a fifty-two week low of $6.43 and a fifty-two week high of $7.61.

BlackRock MuniVest Fund Dividend Announcement

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

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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