BlackRock MuniVest Fund, Inc. Declares Monthly Dividend of $0.04 (NYSE:MVF)

BlackRock MuniVest Fund, Inc. (NYSE:MVF) announced a monthly dividend on Monday, November 3rd. Investors of record on Friday, November 14th will be paid a dividend of 0.036 per share on Monday, December 1st. This represents a c) dividend on an annualized basis and a dividend yield of 6.2%. The ex-dividend date is Friday, November 14th.

BlackRock MuniVest Fund Stock Performance

MVF stock opened at $6.94 on Tuesday. BlackRock MuniVest Fund has a 52 week low of $6.43 and a 52 week high of $7.57. The firm’s 50-day moving average is $6.90 and its two-hundred day moving average is $6.75.

Institutional Investors Weigh In On BlackRock MuniVest Fund

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Geneos Wealth Management Inc. lifted its stake in BlackRock MuniVest Fund by 88.1% during the second quarter. Geneos Wealth Management Inc. now owns 4,728 shares of the company’s stock valued at $31,000 after purchasing an additional 2,215 shares during the last quarter. Ameritas Advisory Services LLC purchased a new stake in shares of BlackRock MuniVest Fund in the second quarter valued at $33,000. Nuveen LLC purchased a new position in shares of BlackRock MuniVest Fund during the first quarter valued at $85,000. J.W. Cole Advisors Inc. acquired a new position in BlackRock MuniVest Fund during the second quarter valued at $94,000. Finally, Ackerman Capital Advisors LLC acquired a new position in BlackRock MuniVest Fund during the first quarter valued at $107,000. 48.16% of the stock is owned by institutional investors and hedge funds.

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.