Leo Wealth LLC lowered its stake in shares of BlackRock MuniVest Fund, Inc. (NYSE:MVF - Free Report) by 20.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 243,316 shares of the company's stock after selling 64,301 shares during the period. Leo Wealth LLC owned 0.40% of BlackRock MuniVest Fund worth $1,706,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of MVF. Raymond James Financial Inc. purchased a new position in BlackRock MuniVest Fund in the 4th quarter valued at approximately $4,978,000. HighTower Advisors LLC purchased a new position in BlackRock MuniVest Fund in the 4th quarter valued at approximately $423,000. Creative Financial Designs Inc. ADV purchased a new position in BlackRock MuniVest Fund in the 4th quarter valued at approximately $38,000. Signaturefd LLC purchased a new position in BlackRock MuniVest Fund in the 4th quarter valued at approximately $35,000. Finally, LPL Financial LLC grew its stake in BlackRock MuniVest Fund by 21.1% in the 4th quarter. LPL Financial LLC now owns 75,065 shares of the company's stock valued at $528,000 after buying an additional 13,067 shares in the last quarter. Hedge funds and other institutional investors own 48.16% of the company's stock.
BlackRock MuniVest Fund Stock Down 0.1%
NYSE:MVF traded down $0.01 during trading hours on Tuesday, hitting $6.54. The stock had a trading volume of 61,727 shares, compared to its average volume of 106,830. The company has a 50 day simple moving average of $6.68 and a two-hundred day simple moving average of $6.93. BlackRock MuniVest Fund, Inc. has a one year low of $6.50 and a one year high of $7.64.
BlackRock MuniVest Fund Dividend Announcement
The company also recently declared a monthly dividend, which will be paid on Friday, August 1st. Shareholders of record on Tuesday, July 15th will be issued a $0.036 dividend. This represents a $0.43 annualized dividend and a yield of 6.61%. The ex-dividend date of this dividend is Tuesday, July 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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