Leo Wealth LLC Buys 79,510 Shares of BlackRock MuniVest Fund, Inc. $MVF

Key Points

• Leo Wealth LLC increased its stake in BlackRock MuniVest Fund, Inc. by 32.7%, acquiring an additional 79,510 shares and owning a total of 322,826 shares valued at approximately $2.124 million.
• Several other institutional investors also purchased new stakes in BlackRock MuniVest Fund, collectively holding 48.16% of the stock.
• BlackRock MuniVest Fund announced a monthly dividend of $0.036 per share, scheduled for payment on November 3rd, which represents a 6.2% annualized yield.

Leo Wealth LLC lifted its stake in BlackRock MuniVest Fund, Inc. (NYSE:MVF - Free Report) by 32.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 322,826 shares of the company's stock after buying an additional 79,510 shares during the period. Leo Wealth LLC owned approximately 0.54% of BlackRock MuniVest Fund worth $2,124,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Ameritas Advisory Services LLC bought a new stake in shares of BlackRock MuniVest Fund in the second quarter valued at approximately $33,000. Nuveen LLC bought a new stake in BlackRock MuniVest Fund during the first quarter worth $85,000. Ackerman Capital Advisors LLC bought a new stake in BlackRock MuniVest Fund during the first quarter worth $107,000. Oppenheimer & Co. Inc. bought a new stake in BlackRock MuniVest Fund during the first quarter worth $109,000. Finally, Realta Investment Advisors bought a new stake in BlackRock MuniVest Fund during the second quarter worth $138,000. 48.16% of the stock is currently owned by institutional investors.

BlackRock MuniVest Fund Stock Performance

NYSE MVF opened at $7.02 on Thursday. The business has a fifty day moving average price of $6.76 and a two-hundred day moving average price 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 announced a monthly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Wednesday, October 15th will be paid a dividend of $0.036 per share. The ex-dividend date is Wednesday, October 15th. This represents a c) annualized dividend and a yield of 6.2%.

About BlackRock MuniVest Fund

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.