Linscomb Wealth Inc. Acquires New Stake in BlackRock MuniVest Fund, Inc. $MVF

Linscomb Wealth Inc. acquired a new stake in shares of BlackRock MuniVest Fund, Inc. (NYSE:MVF) in the 2nd quarter, Holdings Channel reports. The institutional investor acquired 111,100 shares of the company’s stock, valued at approximately $731,000.

Several other large investors also recently added to or reduced their stakes in the business. Royal Bank of Canada boosted its stake in BlackRock MuniVest Fund by 2.4% during the first quarter. Royal Bank of Canada now owns 74,834 shares of the company’s stock valued at $525,000 after buying an additional 1,779 shares during the period. Indiana Trust & Investment Management Co boosted its stake in BlackRock MuniVest Fund by 1.5% during the first quarter. Indiana Trust & Investment Management Co now owns 151,754 shares of the company’s stock valued at $1,064,000 after buying an additional 2,234 shares during the period. Envestnet Asset Management Inc. boosted its stake in BlackRock MuniVest Fund by 1.4% during 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 period. Integrated Capital Management Inc. boosted its stake in BlackRock MuniVest Fund by 12.5% during the second quarter. Integrated Capital Management Inc. now owns 32,569 shares of the company’s stock valued at $214,000 after buying an additional 3,608 shares during the period. Finally, Ameritas Advisory Services LLC purchased a new position in BlackRock MuniVest Fund in the second quarter worth $33,000. Institutional investors own 48.16% of the company’s stock.

BlackRock MuniVest Fund Price Performance

MVF opened at $6.99 on Friday. BlackRock MuniVest Fund, Inc. has a 52 week low of $6.43 and a 52 week high of $7.57. The business’s fifty day simple moving average is $6.89 and its 200 day simple moving average is $6.74.

BlackRock MuniVest Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, November 3rd. Investors of record on Wednesday, October 15th will be paid a $0.036 dividend. This represents a c) dividend on an annualized basis and a yield of 6.2%. The ex-dividend date of this dividend is Wednesday, October 15th.

BlackRock MuniVest Fund Profile

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.