Hennion & Walsh Asset Management Inc. Has $1.86 Million Holdings in BlackRock MuniVest Fund, Inc. (NYSE:MVF)

Hennion & Walsh Asset Management Inc. increased its holdings in shares of BlackRock MuniVest Fund, Inc. (NYSE:MVF - Free Report) by 579.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 264,739 shares of the company's stock after acquiring an additional 225,762 shares during the quarter. Hennion & Walsh Asset Management Inc. owned about 0.44% of BlackRock MuniVest Fund worth $1,856,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in MVF. Sit Investment Associates Inc. raised its position in shares of BlackRock MuniVest Fund by 318.5% in the fourth quarter. Sit Investment Associates Inc. now owns 979,630 shares of the company's stock valued at $6,897,000 after purchasing an additional 745,558 shares during the period. Raymond James Financial Inc. bought a new position in BlackRock MuniVest Fund in the 4th quarter valued at about $4,978,000. 1607 Capital Partners LLC lifted its position in BlackRock MuniVest Fund by 39.8% during the fourth quarter. 1607 Capital Partners LLC now owns 551,113 shares of the company's stock worth $3,880,000 after acquiring an additional 156,865 shares during the last quarter. Guggenheim Capital LLC lifted its position in BlackRock MuniVest Fund by 9.3% during the fourth quarter. Guggenheim Capital LLC now owns 1,137,845 shares of the company's stock worth $8,010,000 after acquiring an additional 97,081 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of BlackRock MuniVest Fund by 52.9% during the fourth quarter. Invesco Ltd. now owns 231,763 shares of the company's stock worth $1,632,000 after acquiring an additional 80,197 shares during the period. Institutional investors own 48.16% of the company's stock.

BlackRock MuniVest Fund Price Performance

Shares of NYSE MVF traded up $0.04 during trading hours on Monday, reaching $6.67. 114,082 shares of the stock were exchanged, compared to its average volume of 102,650. The stock's fifty day simple moving average is $6.77 and its 200 day simple moving average is $7.06. BlackRock MuniVest Fund, Inc. has a 52 week low of $6.50 and a 52 week high of $7.64.

BlackRock MuniVest Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, June 13th will be issued a dividend of $0.036 per share. This represents a $0.43 dividend on an annualized basis and a dividend yield of 6.48%. The ex-dividend date of this dividend is Friday, June 13th.

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.