Raymond James Financial Inc. Has $5.61 Million Holdings in BlackRock MuniVest Fund, Inc. $MVF

Key Points

• Raymond James Financial Inc. increased its holdings in BlackRock MuniVest Fund by 13.1%, owning approximately 799,908 shares worth $5.61 million as of the latest quarter.
• The BlackRock MuniVest Fund recently announced a monthly dividend of $0.036 per share, which corresponds to an annualized dividend yield of 6.5%.
• As of Thursday, MVF stock was priced at $6.62, with a 52-week range between $6.43 and $7.64.

Raymond James Financial Inc. grew its holdings in BlackRock MuniVest Fund, Inc. (NYSE:MVF - Free Report) by 13.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 799,908 shares of the company's stock after buying an additional 92,756 shares during the period. Raymond James Financial Inc. owned 1.33% of BlackRock MuniVest Fund worth $5,607,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in MVF. Sit Investment Associates Inc. increased its holdings in shares of BlackRock MuniVest Fund by 6.5% during the 1st quarter. Sit Investment Associates Inc. now owns 1,043,379 shares of the company's stock worth $7,314,000 after acquiring an additional 63,749 shares during the last quarter. Hennion & Walsh Asset Management Inc. boosted its position in BlackRock MuniVest Fund by 579.2% during 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 period. Northern Trust Corp acquired a new position in shares of BlackRock MuniVest Fund in the fourth quarter valued at $147,000. Ameriprise Financial Inc. bought a new position in shares of BlackRock MuniVest Fund in the fourth quarter valued at about $103,000. Finally, Park Avenue Securities LLC lifted its stake in shares of BlackRock MuniVest Fund by 1.6% during the 1st quarter. Park Avenue Securities LLC now owns 142,501 shares of the company's stock worth $999,000 after buying an additional 2,295 shares during the last quarter. 48.16% of the stock is currently owned by institutional investors.

BlackRock MuniVest Fund Stock Up 0.8%

Shares of MVF stock opened at $6.62 on Thursday. BlackRock MuniVest Fund, Inc. has a 52 week low of $6.43 and a 52 week high of $7.64. The company has a 50-day simple moving average of $6.58 and a 200 day simple moving average of $6.78.

BlackRock MuniVest Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Monday, September 15th will be given a $0.036 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a c) annualized dividend and a dividend yield of 6.5%.

BlackRock MuniVest Fund Profile

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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