International Assets Investment Management LLC Buys Shares of 38,610 BlackRock MuniVest Fund, Inc. (NYSE:MVF)

International Assets Investment Management LLC bought a new stake in shares of BlackRock MuniVest Fund, Inc. (NYSE:MVF) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 38,610 shares of the company’s stock, valued at approximately $2,750,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Alpine Global Management LLC bought a new stake in BlackRock MuniVest Fund during the 3rd quarter valued at $214,000. Karpus Management Inc. raised its holdings in BlackRock MuniVest Fund by 8.3% during the 3rd quarter. Karpus Management Inc. now owns 7,353,043 shares of the company’s stock valued at $44,559,000 after acquiring an additional 565,205 shares during the period. Raymond James Financial Services Advisors Inc. raised its holdings in BlackRock MuniVest Fund by 1.8% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 145,501 shares of the company’s stock valued at $882,000 after acquiring an additional 2,524 shares during the period. AQR Arbitrage LLC raised its holdings in BlackRock MuniVest Fund by 59.6% during the 3rd quarter. AQR Arbitrage LLC now owns 449,035 shares of the company’s stock valued at $2,721,000 after acquiring an additional 167,621 shares during the period. Finally, Advisor Partners II LLC bought a new stake in BlackRock MuniVest Fund during the 3rd quarter valued at $2,850,000. Institutional investors own 48.16% of the company’s stock.

BlackRock MuniVest Fund Price Performance

Shares of MVF stock opened at $6.83 on Friday. The company’s fifty day simple moving average is $6.99 and its two-hundred day simple moving average is $6.77. BlackRock MuniVest Fund, Inc. has a 1 year low of $5.85 and a 1 year high of $7.19.

BlackRock MuniVest Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Monday, April 15th will be given a dividend of $0.03 per share. The ex-dividend date is Friday, April 12th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 5.27%.

About BlackRock MuniVest Fund

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.