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

BlackRock MuniVest Fund, Inc. (NYSE:MVF) declared a monthly dividend on Friday, January 2nd. Stockholders of record on Friday, February 6th will be paid a dividend of 0.036 per share on Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 6.1%. The ex-dividend date of this dividend is Friday, February 6th.

BlackRock MuniVest Fund Stock Down 0.1%

BlackRock MuniVest Fund stock traded down $0.01 during midday trading on Wednesday, reaching $7.05. 240,970 shares of the company traded hands, compared to its average volume of 130,933. The business has a 50 day moving average of $6.93 and a two-hundred day moving average of $6.86. BlackRock MuniVest Fund has a 12 month low of $6.43 and a 12 month high of $7.37.

Hedge Funds Weigh In On BlackRock MuniVest Fund

A number of hedge funds have recently made changes to their positions in the business. City of London Investment Management Co. Ltd. purchased a new stake in BlackRock MuniVest Fund during the 3rd quarter valued at approximately $1,481,000. Raymond James Financial Inc. raised its position in BlackRock MuniVest Fund by 16.4% during the second quarter. Raymond James Financial Inc. now owns 931,347 shares of the company’s stock valued at $6,128,000 after purchasing an additional 131,439 shares during the period. Linscomb Wealth Inc. bought a new stake in shares of BlackRock MuniVest Fund in the 2nd quarter valued at about $731,000. Gridiron Partners LLC boosted its position in BlackRock MuniVest Fund by 45.0% during the 4th quarter. Gridiron Partners LLC now owns 345,632 shares of the company’s stock valued at $2,395,000 after acquiring an additional 107,266 shares in the last quarter. Finally, Bank of America Corp DE grew its position in shares of BlackRock MuniVest Fund by 23.4% in the 3rd quarter. Bank of America Corp DE now owns 502,020 shares of the company’s stock worth $3,444,000 after buying an additional 95,341 shares during the last quarter. Institutional investors own 48.16% of the company’s stock.

About BlackRock MuniVest Fund

BlackRock MuniVest Fund, Inc (NYSE: MVF) is an actively managed, closed-end investment company that seeks to provide current income exempt from federal income tax, with a secondary objective of capital appreciation. The Fund primarily invests in investment-grade municipal securities issued by U.S. states, territories, municipalities, agencies and authorities. By focusing on high-quality tax-exempt bonds, the fund aims to deliver a steady stream of federally tax-exempt distributions to its shareholders.

The fund’s portfolio typically includes bonds across a range of maturities and sectors, with an emphasis on intermediate to long-term durations.