BlackRock MuniVest Fund, Inc. (NYSE:MVF) Shares Purchased by Hennion & Walsh Asset Management Inc.

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

Other hedge funds have also recently added to or reduced their stakes in the company. Bessemer Group Inc. lifted its stake in shares of BlackRock MuniVest Fund by 83.1% in the 4th quarter. Bessemer Group Inc. now owns 4,106 shares of the company's stock valued at $29,000 after purchasing an additional 1,864 shares in the last quarter. Indiana Trust & Investment Management Co lifted its stake in shares of BlackRock MuniVest Fund by 1.4% in the 4th quarter. Indiana Trust & Investment Management Co now owns 149,520 shares of the company's stock valued at $1,053,000 after purchasing an additional 2,020 shares in the last quarter. Bank of America Corp DE lifted its stake in shares of BlackRock MuniVest Fund by 0.5% in the 4th quarter. Bank of America Corp DE now owns 447,153 shares of the company's stock valued at $3,148,000 after purchasing an additional 2,051 shares in the last quarter. Integrated Capital Management Inc. lifted its stake in shares of BlackRock MuniVest Fund by 10.9% in the 1st quarter. Integrated Capital Management Inc. now owns 28,961 shares of the company's stock valued at $203,000 after purchasing an additional 2,857 shares in the last quarter. Finally, Signaturefd LLC acquired a new position in shares of BlackRock MuniVest Fund in the 4th quarter valued at about $35,000. 48.16% of the stock is owned by institutional investors and hedge funds.

BlackRock MuniVest Fund Stock Down 0.1%

NYSE MVF opened at $6.68 on Friday. BlackRock MuniVest Fund, Inc. has a 1-year low of $6.50 and a 1-year high of $7.64. The business's 50-day simple moving average is $6.78 and its 200-day simple moving average is $7.06.

BlackRock MuniVest Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, June 13th will be paid a $0.036 dividend. This represents a $0.43 annualized dividend and a dividend yield of 6.47%. The ex-dividend date is Friday, June 13th.

BlackRock MuniVest Fund 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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