Sit Investment Associates Inc. Has $7.31 Million Position in BlackRock MuniVest Fund, Inc. $MVF

Key Points

• Sit Investment Associates Inc. increased its stock holdings in BlackRock MuniVest Fund, Inc. by 6.5%, now owning 1,043,379 shares valued at approximately $7.31 million.
• A monthly dividend of $0.036 per share has been declared, with a dividend yield of 6.5%, payable on September 2nd to shareholders of record as of August 15th.
• Institutional investors control 48.16% of BlackRock MuniVest Fund, indicating significant interest and confidence in the fund from large financial entities.

Sit Investment Associates Inc. increased its position in BlackRock MuniVest Fund, Inc. (NYSE:MVF - Free Report) by 6.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,043,379 shares of the company's stock after acquiring an additional 63,749 shares during the quarter. Sit Investment Associates Inc. owned about 1.73% of BlackRock MuniVest Fund worth $7,314,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Northern Trust Corp bought a new position in BlackRock MuniVest Fund in the 4th quarter worth $147,000. Hennion & Walsh Asset Management Inc. raised its holdings in BlackRock MuniVest Fund by 579.2% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 264,739 shares of the company's stock worth $1,856,000 after acquiring an additional 225,762 shares during the period. Ameriprise Financial Inc. bought a new position in BlackRock MuniVest Fund in the 4th quarter worth $103,000. Park Avenue Securities LLC raised its holdings in BlackRock MuniVest Fund by 1.6% in the 1st quarter. Park Avenue Securities LLC now owns 142,501 shares of the company's stock worth $999,000 after acquiring an additional 2,295 shares during the period. Finally, Guggenheim Capital LLC raised its holdings in BlackRock MuniVest Fund by 9.3% in the 4th quarter. Guggenheim Capital LLC now owns 1,137,845 shares of the company's stock worth $8,010,000 after acquiring an additional 97,081 shares during the period. Institutional investors own 48.16% of the company's stock.

BlackRock MuniVest Fund Stock Performance

MVF traded down $0.04 during trading on Wednesday, hitting $6.56. The stock had a trading volume of 119,756 shares, compared to its average volume of 107,704. BlackRock MuniVest Fund, Inc. has a 12 month low of $6.43 and a 12 month high of $7.64. The company has a 50 day simple moving average of $6.59 and a 200-day simple moving average of $6.83.

BlackRock MuniVest Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th will be given a dividend of $0.036 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a c) dividend on an annualized basis and a dividend yield of 6.6%.

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.