BlackRock MuniVest Fund, Inc. $MVF Shares Purchased by Raymond James Financial Inc.

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

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MVF. Northern Trust Corp purchased a new position in BlackRock MuniVest Fund in the 4th quarter valued at about $147,000. Ameriprise Financial Inc. purchased a new position in BlackRock MuniVest Fund in the 4th quarter valued at about $103,000. Bank of America Corp DE lifted its holdings in shares of 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 acquiring an additional 2,051 shares during the period. Nomura Holdings Inc. lifted its holdings in shares of BlackRock MuniVest Fund by 129.6% during the 4th quarter. Nomura Holdings Inc. now owns 29,000 shares of the company's stock worth $204,000 after acquiring an additional 16,369 shares during the period. Finally, Pathstone Holdings LLC lifted its holdings in shares of BlackRock MuniVest Fund by 0.9% during the 4th quarter. Pathstone Holdings LLC now owns 1,837,292 shares of the company's stock worth $12,974,000 after acquiring an additional 15,781 shares during the period. 48.16% of the stock is currently owned by hedge funds and other institutional investors.

BlackRock MuniVest Fund Trading Down 0.2%

Shares of MVF stock traded down $0.02 during trading hours on Tuesday, hitting $6.83. 25,649 shares of the company were exchanged, compared to its average volume of 108,323. BlackRock MuniVest Fund, Inc. has a 1 year low of $6.43 and a 1 year high of $7.64. The firm has a fifty day moving average of $6.59 and a 200 day moving average of $6.76.

BlackRock MuniVest Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Monday, September 15th will be issued a dividend of $0.036 per share. This represents a c) annualized dividend and a dividend yield of 6.3%. The ex-dividend date is Monday, September 15th.

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.