Mackay Shields LLC trimmed its position in shares of BlackRock MuniVest Fund, Inc. (NYSE:MVF - Free Report) by 7.4% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,420,434 shares of the company's stock after selling 114,129 shares during the period. Mackay Shields LLC owned approximately 2.36% of BlackRock MuniVest Fund worth $9,957,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in MVF. Bessemer Group Inc. lifted its holdings in shares of BlackRock MuniVest Fund by 83.1% during the 4th quarter. Bessemer Group Inc. now owns 4,106 shares of the company's stock valued at $29,000 after acquiring an additional 1,864 shares in the last quarter. Signaturefd LLC purchased a new stake in shares of BlackRock MuniVest Fund during the 4th quarter valued at about $35,000. Creative Financial Designs Inc. ADV purchased a new position in BlackRock MuniVest Fund in the 4th quarter worth approximately $38,000. CF Capital LLC acquired a new stake in BlackRock MuniVest Fund in the fourth quarter valued at approximately $70,000. Finally, NewEdge Advisors LLC acquired a new stake in BlackRock MuniVest Fund in the fourth quarter valued at approximately $75,000. 48.16% of the stock is owned by hedge funds and other institutional investors.
BlackRock MuniVest Fund Price Performance
Shares of MVF stock traded down $0.06 on Monday, hitting $6.58. The stock had a trading volume of 150,056 shares, compared to its average volume of 106,700. BlackRock MuniVest Fund, Inc. has a 52-week low of $6.50 and a 52-week high of $7.64. The stock's 50 day moving average is $6.71 and its 200-day moving average is $6.95.
BlackRock MuniVest Fund Dividend Announcement
The firm also recently announced a monthly dividend, which will be paid on Friday, August 1st. Stockholders of record on Tuesday, July 15th will be paid a dividend of $0.036 per share. The ex-dividend date is Tuesday, July 15th. This represents a $0.43 annualized dividend and a dividend yield of 6.57%.
BlackRock MuniVest Fund Profile
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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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