Logan Stone Capital LLC reduced its position in BlackRock MuniVest Fund, Inc. (NYSE:MVF - Free Report) by 77.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 57,362 shares of the company's stock after selling 195,275 shares during the quarter. Logan Stone Capital LLC owned 0.10% of BlackRock MuniVest Fund worth $404,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently modified their holdings of MVF. Sit Investment Associates Inc. boosted its holdings in shares of BlackRock MuniVest Fund by 318.5% in the 4th quarter. Sit Investment Associates Inc. now owns 979,630 shares of the company's stock worth $6,897,000 after purchasing an additional 745,558 shares in the last quarter. Raymond James Financial Inc. bought a new position in BlackRock MuniVest Fund during the 4th quarter worth approximately $4,978,000. 1607 Capital Partners LLC grew its position in BlackRock MuniVest Fund by 39.8% during the 4th quarter. 1607 Capital Partners LLC now owns 551,113 shares of the company's stock worth $3,880,000 after acquiring an additional 156,865 shares during the last quarter. Guggenheim Capital LLC grew its position in BlackRock MuniVest Fund by 9.3% during 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 last quarter. Finally, Invesco Ltd. grew its position in BlackRock MuniVest Fund by 52.9% during the 4th quarter. Invesco Ltd. now owns 231,763 shares of the company's stock worth $1,632,000 after acquiring an additional 80,197 shares during the last quarter. 48.16% of the stock is currently owned by hedge funds and other institutional investors.
BlackRock MuniVest Fund Price Performance
MVF traded down $0.02 on Friday, hitting $6.80. 32,077 shares of the company were exchanged, compared to its average volume of 103,454. The firm has a fifty day simple moving average of $6.89 and a two-hundred day simple moving average of $7.12. BlackRock MuniVest Fund, Inc. has a 12 month low of $6.50 and a 12 month high of $7.64.
BlackRock MuniVest Fund Announces Dividend
The business also recently declared a monthly dividend, which will be paid on Monday, June 2nd. Investors of record on Thursday, May 15th will be given a dividend of $0.036 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $0.43 annualized dividend and a yield of 6.36%.
BlackRock MuniVest Fund 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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