Advisors Asset Management Inc. Has $2.02 Million Holdings in BlackRock MuniVest Fund, Inc. $MVF

Advisors Asset Management Inc. reduced its position in shares of BlackRock MuniVest Fund, Inc. (NYSE:MVF) by 35.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 295,050 shares of the company’s stock after selling 163,106 shares during the quarter. Advisors Asset Management Inc. owned about 0.51% of BlackRock MuniVest Fund worth $2,024,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Geneos Wealth Management Inc. boosted its position in BlackRock MuniVest Fund by 88.1% during the second quarter. Geneos Wealth Management Inc. now owns 4,728 shares of the company’s stock valued at $31,000 after purchasing an additional 2,215 shares during the last quarter. J.W. Cole Advisors Inc. bought a new stake in shares of BlackRock MuniVest Fund during the 2nd quarter worth $94,000. Stratos Wealth Partners LTD. bought a new stake in shares of BlackRock MuniVest Fund during the second quarter worth $120,000. NewEdge Advisors LLC acquired a new position in BlackRock MuniVest Fund in the 2nd quarter valued at approximately $140,000. Finally, Oppenheimer & Co. Inc. increased its position in shares of BlackRock MuniVest Fund by 22.3% during the third quarter. Oppenheimer & Co. Inc. now owns 21,924 shares of the company’s stock worth $150,000 after buying an additional 4,000 shares during the period. Institutional investors own 48.16% of the company’s stock.

BlackRock MuniVest Fund Price Performance

Shares of BlackRock MuniVest Fund stock opened at $7.05 on Monday. The stock has a 50 day moving average price of $6.95 and a two-hundred day moving average price of $6.89. BlackRock MuniVest Fund, Inc. has a 52 week low of $6.43 and a 52 week high of $7.36.

BlackRock MuniVest Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Friday, February 6th will be given a dividend of $0.036 per share. The ex-dividend date is Friday, February 6th. This represents a c) annualized dividend and a dividend yield of 6.1%.

BlackRock MuniVest Fund Profile

BlackRock MuniVest Fund, Inc (NYSE: MVF) is an actively managed, closed-end investment company that seeks to provide current income exempt from federal income tax, with a secondary objective of capital appreciation. The Fund primarily invests in investment-grade municipal securities issued by U.S. states, territories, municipalities, agencies and authorities. By focusing on high-quality tax-exempt bonds, the fund aims to deliver a steady stream of federally tax-exempt distributions to its shareholders.

The fund’s portfolio typically includes bonds across a range of maturities and sectors, with an emphasis on intermediate to long-term durations.