Invesco Ltd. raised its stake in shares of BlackRock MuniVest Fund, Inc. (NYSE:MVF - Free Report) by 22.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 284,350 shares of the company's stock after buying an additional 52,587 shares during the quarter. Invesco Ltd. owned about 0.47% of BlackRock MuniVest Fund worth $1,993,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Hennion & Walsh Asset Management Inc. boosted its stake in BlackRock MuniVest Fund by 579.2% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 264,739 shares of the company's stock worth $1,856,000 after acquiring an additional 225,762 shares during the last quarter. Northern Trust Corp bought a new position in shares of BlackRock MuniVest Fund during the fourth quarter worth $147,000. Ameriprise Financial Inc. acquired a new position in shares of BlackRock MuniVest Fund in the 4th quarter valued at $103,000. Park Avenue Securities LLC increased its position in shares of BlackRock MuniVest Fund by 1.6% in the 1st quarter. Park Avenue Securities LLC now owns 142,501 shares of the company's stock valued at $999,000 after buying an additional 2,295 shares in the last quarter. Finally, Bank of America Corp DE raised its stake in BlackRock MuniVest Fund by 0.5% during the 4th quarter. Bank of America Corp DE now owns 447,153 shares of the company's stock worth $3,148,000 after buying an additional 2,051 shares during the period. 48.16% of the stock is owned by institutional investors.
BlackRock MuniVest Fund Stock Performance
MVF stock traded up $0.03 during midday trading on Wednesday, hitting $6.60. 184,670 shares of the company's stock were exchanged, compared to its average volume of 108,285. BlackRock MuniVest Fund, Inc. has a one year low of $6.43 and a one year high of $7.64. The stock's fifty day moving average price is $6.58 and its 200-day moving average price is $6.78.
BlackRock MuniVest Fund Dividend Announcement
The firm also recently disclosed a monthly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th were issued a dividend of $0.036 per share. This represents a c) annualized dividend and a dividend yield of 6.6%. The ex-dividend date was Friday, August 15th.
About BlackRock MuniVest Fund
(
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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