LPL Financial LLC Purchases 13,067 Shares of BlackRock MuniVest Fund, Inc. (NYSE:MVF)

LPL Financial LLC boosted its position in BlackRock MuniVest Fund, Inc. (NYSE:MVF) by 21.1% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 75,065 shares of the company’s stock after purchasing an additional 13,067 shares during the period. LPL Financial LLC owned about 0.12% of BlackRock MuniVest Fund worth $528,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Signaturefd LLC purchased a new position in shares of BlackRock MuniVest Fund in the 4th quarter worth approximately $35,000. Creative Financial Designs Inc. ADV bought a new stake in BlackRock MuniVest Fund during the fourth quarter worth $38,000. J.W. Cole Advisors Inc. purchased a new position in BlackRock MuniVest Fund in the fourth quarter worth $77,000. Noble Wealth Management PBC bought a new position in BlackRock MuniVest Fund in the 4th quarter valued at $142,000. Finally, Janney Montgomery Scott LLC increased its position in shares of BlackRock MuniVest Fund by 21.8% during the 4th quarter. Janney Montgomery Scott LLC now owns 28,471 shares of the company’s stock valued at $200,000 after purchasing an additional 5,095 shares during the last quarter. Hedge funds and other institutional investors own 48.16% of the company’s stock.

BlackRock MuniVest Fund Trading Up 1.3 %

NYSE MVF opened at $6.81 on Friday. The business’s fifty day moving average is $7.01 and its 200-day moving average is $7.19. BlackRock MuniVest Fund, Inc. has a one year low of $6.50 and a one year high of $7.64.

BlackRock MuniVest Fund Announces Dividend

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

BlackRock MuniVest Fund 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.