Ameritas Advisory Services LLC Takes Position in BlackRock MuniVest Fund, Inc. $MVF

Ameritas Advisory Services LLC bought a new stake in BlackRock MuniVest Fund, Inc. (NYSE:MVF) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 5,000 shares of the company’s stock, valued at approximately $33,000.

Several other institutional investors and hedge funds have also made changes to their positions in MVF. Oppenheimer & Co. Inc. purchased a new stake in shares of BlackRock MuniVest Fund in the 1st quarter valued at about $109,000. Kestra Private Wealth Services LLC purchased a new stake in shares of BlackRock MuniVest Fund in the 1st quarter valued at about $186,000. PNC Financial Services Group Inc. increased its position in BlackRock MuniVest Fund by 7.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 333,712 shares of the company’s stock valued at $2,339,000 after acquiring an additional 21,881 shares during the period. Ackerman Capital Advisors LLC acquired a new position in BlackRock MuniVest Fund in the 1st quarter valued at about $107,000. Finally, Invesco Ltd. increased its position in BlackRock MuniVest Fund by 22.7% in the 1st quarter. Invesco Ltd. now owns 284,350 shares of the company’s stock valued at $1,993,000 after acquiring an additional 52,587 shares during the period. 48.16% of the stock is owned by hedge funds and other institutional investors.

BlackRock MuniVest Fund Stock Performance

Shares of MVF stock opened at $7.07 on Wednesday. BlackRock MuniVest Fund, Inc. has a 52-week low of $6.43 and a 52-week high of $7.61. The stock’s 50-day moving average price is $6.79 and its 200 day moving average price is $6.73.

BlackRock MuniVest Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Wednesday, October 15th will be given a dividend of $0.036 per share. The ex-dividend date is Wednesday, October 15th. This represents a c) annualized dividend and a yield of 6.1%.

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.