UBS Group AG Reduces Stock Position in BlackRock MuniVest Fund, Inc. (NYSE:MVF)

UBS Group AG reduced its stake in BlackRock MuniVest Fund, Inc. (NYSE:MVF – Get Rating) by 20.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 380,742 shares of the company’s stock after selling 97,965 shares during the period. UBS Group AG’s holdings in BlackRock MuniVest Fund were worth $2,528,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Raymond James Financial Services Advisors Inc. increased its position in shares of BlackRock MuniVest Fund by 2.0% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 139,508 shares of the company’s stock worth $1,138,000 after purchasing an additional 2,723 shares in the last quarter. Cambridge Investment Research Advisors Inc. purchased a new position in BlackRock MuniVest Fund during the 1st quarter worth approximately $92,000. U.S. Capital Wealth Advisors LLC increased its position in BlackRock MuniVest Fund by 9.9% during the first quarter. U.S. Capital Wealth Advisors LLC now owns 30,000 shares of the company’s stock worth $245,000 after buying an additional 2,700 shares during the period. Allianz Asset Management GmbH purchased a new stake in BlackRock MuniVest Fund in the first quarter valued at approximately $3,271,000. Finally, Ancora Advisors LLC raised its position in BlackRock MuniVest Fund by 18.1% in the 1st quarter. Ancora Advisors LLC now owns 34,700 shares of the company’s stock valued at $323,000 after purchasing an additional 5,313 shares during the last quarter.

BlackRock MuniVest Fund Trading Up 0.4 %

Shares of MVF opened at $6.79 on Monday. The firm has a 50-day simple moving average of $6.99 and a 200-day simple moving average of $6.90. BlackRock MuniVest Fund, Inc. has a fifty-two week low of $6.33 and a fifty-two week high of $8.83.

BlackRock MuniVest Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, April 3rd. Investors of record on Wednesday, March 15th will be given a $0.021 dividend. The ex-dividend date of this dividend is Tuesday, March 14th. This represents a $0.25 dividend on an annualized basis and a yield of 3.71%.

About BlackRock MuniVest Fund

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BlackRock MuniVest Fund, Inc operates as closed end investment fund. Its investment objective is to provide shareholders with as high a level of current income exempt from federal income taxes as is consistent with its investment policies and prudent investment management. The trust seeks to achieve its investment objective by investing its assets in municipal obligations exempt from federal income taxes.