Janney Montgomery Scott LLC Has $253,000 Stock Position in BlackRock MuniVest Fund, Inc. (NYSE:MVF)

Janney Montgomery Scott LLC lowered its stake in BlackRock MuniVest Fund, Inc. (NYSE:MVF – Get Rating) by 21.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 36,114 shares of the company’s stock after selling 9,850 shares during the quarter. Janney Montgomery Scott LLC’s holdings in BlackRock MuniVest Fund were worth $253,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Raymond James Financial Services Advisors Inc. increased its position in 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 buying an additional 2,723 shares during the last quarter. Cambridge Investment Research Advisors Inc. bought a new stake in shares of BlackRock MuniVest Fund during the first quarter worth approximately $92,000. U.S. Capital Wealth Advisors LLC boosted its holdings in shares of 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 acquiring an additional 2,700 shares during the period. Allianz Asset Management GmbH bought a new stake in shares of BlackRock MuniVest Fund during the first quarter worth approximately $3,271,000. Finally, Ancora Advisors LLC boosted its holdings in shares of BlackRock MuniVest Fund by 18.1% during the first quarter. Ancora Advisors LLC now owns 34,700 shares of the company’s stock worth $323,000 after acquiring an additional 5,313 shares during the period.

BlackRock MuniVest Fund Stock Performance

Shares of NYSE:MVF opened at $6.77 on Wednesday. BlackRock MuniVest Fund, Inc. has a 12-month low of $6.33 and a 12-month high of $7.93. The business has a 50 day moving average of $6.84 and a 200-day moving average of $6.86.

BlackRock MuniVest Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Thursday, June 1st. Stockholders of record on Monday, May 15th will be issued a dividend of $0.021 per share. This represents a $0.25 dividend on an annualized basis and a dividend yield of 3.72%. The ex-dividend date is Friday, May 12th.

BlackRock MuniVest Fund Company Profile

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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.