Bank of America Corp DE Increases Position in BlackRock MuniVest Fund, Inc. (NYSE:MVF)

Bank of America Corp DE grew its position in shares of BlackRock MuniVest Fund, Inc. (NYSE:MVF) by 0.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 447,153 shares of the company’s stock after purchasing an additional 2,051 shares during the period. Bank of America Corp DE owned 0.74% of BlackRock MuniVest Fund worth $3,148,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Bessemer Group Inc. raised its stake in shares of BlackRock MuniVest Fund by 83.1% during the fourth quarter. Bessemer Group Inc. now owns 4,106 shares of the company’s stock valued at $29,000 after purchasing an additional 1,864 shares during the period. Indiana Trust & Investment Management Co raised its stake in shares of BlackRock MuniVest Fund by 1.4% during the fourth quarter. Indiana Trust & Investment Management Co now owns 149,520 shares of the company’s stock valued at $1,053,000 after purchasing an additional 2,020 shares during the period. Signaturefd LLC purchased a new stake in shares of BlackRock MuniVest Fund during the fourth quarter valued at approximately $35,000. Janney Montgomery Scott LLC raised its stake in shares of BlackRock MuniVest Fund by 21.8% during the fourth 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 period. Finally, Leo Wealth LLC raised its stake in shares of BlackRock MuniVest Fund by 1.7% during the fourth quarter. Leo Wealth LLC now owns 307,617 shares of the company’s stock valued at $2,166,000 after purchasing an additional 5,283 shares during the period. 48.16% of the stock is owned by institutional investors and hedge funds.

BlackRock MuniVest Fund Price Performance

MVF stock opened at $6.69 on Friday. BlackRock MuniVest Fund, Inc. has a twelve month low of $6.50 and a twelve month high of $7.64. The firm has a 50 day simple moving average of $6.81 and a 200-day simple moving average of $7.08.

BlackRock MuniVest Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Thursday, May 15th will be issued a $0.036 dividend. This represents a $0.43 dividend on an annualized basis and a yield of 6.46%. The ex-dividend date of this dividend is Thursday, May 15th.

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.