BlackRock MuniVest Fund, Inc. (NYSE:MVF) Declares Monthly Dividend of $0.03

BlackRock MuniVest Fund, Inc. (NYSE:MVF – Get Rating) announced a monthly dividend on Wednesday, May 4th, Wall Street Journal reports. Shareholders of record on Monday, May 16th will be given a dividend of 0.0335 per share on Wednesday, June 1st. This represents a $0.40 annualized dividend and a yield of 5.31%. The ex-dividend date of this dividend is Friday, May 13th.

BlackRock MuniVest Fund has decreased its dividend payment by an average of 8.4% per year over the last three years.

MVF opened at $7.57 on Thursday. BlackRock MuniVest Fund has a 1-year low of $7.43 and a 1-year high of $9.90. The firm has a 50-day moving average price of $8.09 and a two-hundred day moving average price of $8.86.

A number of institutional investors and hedge funds have recently bought and sold shares of MVF. NewEdge Advisors LLC acquired a new stake in BlackRock MuniVest Fund in the 4th quarter valued at about $185,000. LPL Financial LLC grew its position in shares of BlackRock MuniVest Fund by 201.5% during the 3rd quarter. LPL Financial LLC now owns 85,282 shares of the company’s stock worth $808,000 after buying an additional 56,997 shares during the period. Citadel Advisors LLC acquired a new stake in shares of BlackRock MuniVest Fund during the 3rd quarter worth approximately $814,000. Royal Bank of Canada grew its position in shares of BlackRock MuniVest Fund by 5.4% during the 3rd quarter. Royal Bank of Canada now owns 108,025 shares of the company’s stock worth $1,023,000 after buying an additional 5,509 shares during the period. Finally, Invesco Ltd. boosted its stake in BlackRock MuniVest Fund by 28.7% during the 4th quarter. Invesco Ltd. now owns 238,108 shares of the company’s stock worth $2,279,000 after acquiring an additional 53,037 shares during the last quarter. Hedge funds and other institutional investors own 23.30% of the company’s stock.

About BlackRock MuniVest Fund (Get Rating)

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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