BlackRock MuniVest Fund, Inc. (NYSE:MVF) Stake Lessened by Wells Fargo & Company MN

Posted by Defense World Staff on Apr 25th, 2025

Wells Fargo & Company MN trimmed its stake in shares of BlackRock MuniVest Fund, Inc. (NYSE:MVF – Free Report) by 2.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 361,096 shares of the company’s stock after selling 8,610 shares during the quarter. Wells Fargo & Company MN owned approximately 0.60% of BlackRock MuniVest Fund worth $2,542,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Signaturefd LLC bought a new position in shares of BlackRock MuniVest Fund during the fourth quarter worth about $35,000. Creative Financial Designs Inc. ADV bought a new position in BlackRock MuniVest Fund during the 4th quarter worth approximately $38,000. J.W. Cole Advisors Inc. bought a new position in BlackRock MuniVest Fund during the 4th quarter worth approximately $77,000. Landscape Capital Management L.L.C. acquired a new position in shares of BlackRock MuniVest Fund in the 4th quarter worth approximately $108,000. Finally, Noble Wealth Management PBC acquired a new stake in shares of BlackRock MuniVest Fund during the 4th quarter valued at approximately $142,000. 48.16% of the stock is owned by institutional investors and hedge funds.

BlackRock MuniVest Fund Stock Performance

BlackRock MuniVest Fund stock opened at $6.81 on Friday. BlackRock MuniVest Fund, Inc. has a 1 year low of $6.50 and a 1 year high of $7.64. The firm’s 50-day moving average is $7.01 and its 200-day moving average is $7.19.

BlackRock MuniVest Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Tuesday, April 15th will be paid a $0.036 dividend. The ex-dividend date is Tuesday, April 15th. This represents a $0.43 dividend on an annualized basis and a yield of 6.34%.

About BlackRock MuniVest Fund

(Free Report)

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.