Allspring Global Investments Holdings LLC grew its holdings in shares of BlackRock MuniVest Fund, Inc. (NYSE:MVF - Free Report) by 57.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,251,877 shares of the company's stock after purchasing an additional 458,564 shares during the period. Allspring Global Investments Holdings LLC owned approximately 1.94% of BlackRock MuniVest Fund worth $8,913,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. JPMorgan Chase & Co. raised its stake in BlackRock MuniVest Fund by 2,429.9% in the 4th quarter. JPMorgan Chase & Co. now owns 3,896 shares of the company's stock worth $27,000 after acquiring an additional 3,742 shares during the last quarter. Steward Partners Investment Advisory LLC raised its stake in BlackRock MuniVest Fund by 110.5% in the 1st quarter. Steward Partners Investment Advisory LLC now owns 6,246 shares of the company's stock worth $43,000 after acquiring an additional 3,279 shares during the last quarter. Nomura Holdings Inc. purchased a new position in BlackRock MuniVest Fund in the 4th quarter worth $70,000. Pathstone Family Office LLC raised its stake in BlackRock MuniVest Fund by 20.7% in the 4th quarter. Pathstone Family Office LLC now owns 12,170 shares of the company's stock worth $85,000 after acquiring an additional 2,090 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. purchased a new position in BlackRock MuniVest Fund in the 1st quarter worth $92,000. Hedge funds and other institutional investors own 48.16% of the company's stock.
BlackRock MuniVest Fund Stock Performance
MVF stock traded up $0.04 during midday trading on Wednesday, reaching $6.82. The stock had a trading volume of 47,400 shares, compared to its average volume of 160,103. The firm has a fifty day simple moving average of $7.00 and a two-hundred day simple moving average of $6.77. BlackRock MuniVest Fund, Inc. has a 52-week low of $5.85 and a 52-week high of $7.19.
BlackRock MuniVest Fund Announces Dividend
The company also recently announced a monthly dividend, which will be paid on Wednesday, May 1st. Investors of record on Monday, April 15th will be paid a $0.03 dividend. The ex-dividend date of this dividend is Friday, April 12th. This represents a $0.36 dividend on an annualized basis and a yield of 5.28%.
BlackRock MuniVest Fund Company Profile
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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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