Invesco Ltd. lifted its stake in BlackRock MuniVest Fund, Inc. (NYSE:MVF - Free Report) by 52.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 231,763 shares of the company's stock after acquiring an additional 80,197 shares during the quarter. Invesco Ltd. owned 0.38% of BlackRock MuniVest Fund worth $1,632,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also recently made changes to their positions in the company. Virtu Financial LLC bought a new stake in BlackRock MuniVest Fund in the 3rd quarter worth approximately $218,000. Capital Investment Advisors LLC grew its holdings in shares of BlackRock MuniVest Fund by 3.7% in the fourth quarter. Capital Investment Advisors LLC now owns 352,899 shares of the company's stock worth $2,484,000 after acquiring an additional 12,674 shares during the period. Park Avenue Securities LLC increased its position in BlackRock MuniVest Fund by 7.3% during the fourth quarter. Park Avenue Securities LLC now owns 140,206 shares of the company's stock valued at $987,000 after acquiring an additional 9,537 shares during the last quarter. Hennion & Walsh Asset Management Inc. lifted its holdings in BlackRock MuniVest Fund by 80.5% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 38,977 shares of the company's stock valued at $274,000 after acquiring an additional 17,383 shares during the period. Finally, Janney Montgomery Scott LLC boosted its position in BlackRock MuniVest Fund by 21.8% in the fourth quarter. Janney Montgomery Scott LLC now owns 28,471 shares of the company's stock worth $200,000 after purchasing an additional 5,095 shares during the last quarter. 48.16% of the stock is owned by hedge funds and other institutional investors.
BlackRock MuniVest Fund Stock Down 0.1 %
NYSE MVF opened at $6.81 on Wednesday. The company has a 50-day moving average price of $6.98 and a 200-day moving average price of $7.17. BlackRock MuniVest Fund, Inc. has a 52 week low of $6.50 and a 52 week high of $7.64.
BlackRock MuniVest Fund Announces Dividend
The firm also recently announced a monthly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Tuesday, April 15th will be issued a dividend of $0.036 per share. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $0.43 dividend on an annualized basis and a yield of 6.34%.
BlackRock MuniVest Fund Company Profile
(
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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