BlackRock MuniVest Fund, Inc. (NYSE:MVF) Shares Sold by Merit Financial Group LLC

Merit Financial Group LLC decreased its holdings in BlackRock MuniVest Fund, Inc. (NYSE:MVF) by 7.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 30,515 shares of the company’s stock after selling 2,356 shares during the quarter. Merit Financial Group LLC’s holdings in BlackRock MuniVest Fund were worth $217,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of MVF. Raymond James Financial Services Advisors Inc. boosted its holdings in BlackRock MuniVest Fund by 1.8% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 145,501 shares of the company’s stock valued at $882,000 after purchasing an additional 2,524 shares during the period. Ironsides Asset Advisors LLC boosted its stake in shares of BlackRock MuniVest Fund by 27.1% in the 3rd quarter. Ironsides Asset Advisors LLC now owns 20,622 shares of the company’s stock valued at $125,000 after buying an additional 4,400 shares during the period. Park Avenue Securities LLC grew its position in shares of BlackRock MuniVest Fund by 4.9% during the third quarter. Park Avenue Securities LLC now owns 131,483 shares of the company’s stock worth $797,000 after buying an additional 6,104 shares in the last quarter. Wolverine Asset Management LLC grew its position in shares of BlackRock MuniVest Fund by 34.6% during the third quarter. Wolverine Asset Management LLC now owns 28,019 shares of the company’s stock worth $170,000 after buying an additional 7,204 shares in the last quarter. Finally, Melfa Wealth Management LLC raised its holdings in BlackRock MuniVest Fund by 5.4% in the fourth quarter. Melfa Wealth Management LLC now owns 175,943 shares of the company’s stock valued at $1,253,000 after acquiring an additional 9,083 shares in the last quarter. Institutional investors and hedge funds own 48.16% of the company’s stock.

BlackRock MuniVest Fund Trading Down 0.1 %

Shares of BlackRock MuniVest Fund stock opened at $7.07 on Friday. BlackRock MuniVest Fund, Inc. has a 52-week low of $5.85 and a 52-week high of $7.19. The company has a 50 day moving average of $6.95 and a 200 day moving average of $6.85.

BlackRock MuniVest Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Wednesday, May 15th will be issued a $0.03 dividend. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 5.09%.

BlackRock MuniVest Fund Company 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.