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

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

BlackRock MuniVest Fund Stock Performance

NYSE:MVF 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 company has a fifty day simple moving average of $6.90 and a two-hundred day simple moving average of $6.75.

Hedge Funds Weigh In On BlackRock MuniVest Fund

A number of hedge funds have recently modified their holdings of MVF. Integrated Capital Management Inc. increased its holdings in shares of BlackRock MuniVest Fund by 5.2% in the 3rd quarter. Integrated Capital Management Inc. now owns 34,255 shares of the company’s stock valued at $235,000 after acquiring an additional 1,686 shares during the period. Royal Bank of Canada grew its position in BlackRock MuniVest Fund by 2.4% during the 1st quarter. Royal Bank of Canada now owns 74,834 shares of the company’s stock worth $525,000 after purchasing an additional 1,779 shares during the last quarter. Geneos Wealth Management Inc. increased its stake in BlackRock MuniVest Fund by 88.1% in 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 period. Indiana Trust & Investment Management Co increased its stake in BlackRock MuniVest Fund by 1.5% in the first quarter. Indiana Trust & Investment Management Co now owns 151,754 shares of the company’s stock valued at $1,064,000 after purchasing an additional 2,234 shares during the period. Finally, Envestnet Asset Management Inc. raised its holdings in shares of BlackRock MuniVest Fund by 1.4% in the second quarter. Envestnet Asset Management Inc. now owns 168,766 shares of the company’s stock valued at $1,110,000 after buying an additional 2,293 shares during the last quarter. 48.16% of the stock is currently owned by hedge funds and other institutional investors.

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.