Allspring Global Investments Holdings LLC trimmed its stake in BlackRock MuniVest Fund, Inc. (NYSE:MVF - Free Report) by 18.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 604,628 shares of the company's stock after selling 136,278 shares during the period. Allspring Global Investments Holdings LLC owned approximately 1.00% of BlackRock MuniVest Fund worth $4,238,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of the stock. Oppenheimer & Co. Inc. bought a new position in shares of BlackRock MuniVest Fund in the first quarter worth approximately $109,000. Park Avenue Securities LLC increased its position in shares of BlackRock MuniVest Fund by 1.6% in the first quarter. Park Avenue Securities LLC now owns 142,501 shares of the company's stock worth $999,000 after purchasing an additional 2,295 shares during the last quarter. Hennion & Walsh Asset Management Inc. increased its position in shares of BlackRock MuniVest Fund by 579.2% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 264,739 shares of the company's stock worth $1,856,000 after purchasing an additional 225,762 shares during the last quarter. Integrated Capital Management Inc. increased its position in shares of BlackRock MuniVest Fund by 10.9% in the first quarter. Integrated Capital Management Inc. now owns 28,961 shares of the company's stock worth $203,000 after purchasing an additional 2,857 shares during the last quarter. Finally, Pathstone Holdings LLC increased its position in shares of BlackRock MuniVest Fund by 0.9% in the fourth quarter. Pathstone Holdings LLC now owns 1,837,292 shares of the company's stock worth $12,974,000 after purchasing an additional 15,781 shares during the last quarter. 48.16% of the stock is currently owned by institutional investors.
BlackRock MuniVest Fund Stock Up 0.1%
Shares of MVF stock traded up $0.01 during trading on Thursday, hitting $6.60. The company had a trading volume of 125,624 shares, compared to its average volume of 106,989. The stock's 50-day moving average is $6.69 and its two-hundred day moving average is $6.94. 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 firm also recently declared a monthly dividend, which will be paid on Friday, August 1st. Shareholders of record on Tuesday, July 15th will be given a dividend of $0.036 per share. This represents a $0.43 dividend on an annualized basis and a yield of 6.55%. The ex-dividend date of this dividend is Tuesday, July 15th.
BlackRock MuniVest Fund Company Profile
(
Free Report)
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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