Gridiron Partners LLC Buys 107,266 Shares of BlackRock MuniVest Fund, Inc. $MVF

Gridiron Partners LLC boosted its stake in BlackRock MuniVest Fund, Inc. (NYSE:MVF) by 45.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 345,632 shares of the company’s stock after buying an additional 107,266 shares during the period. BlackRock MuniVest Fund accounts for approximately 1.4% of Gridiron Partners LLC’s portfolio, making the stock its 11th largest position. Gridiron Partners LLC owned 0.60% of BlackRock MuniVest Fund worth $2,395,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Guggenheim Capital LLC raised its position in shares of BlackRock MuniVest Fund by 6.1% in the 2nd quarter. Guggenheim Capital LLC now owns 1,401,164 shares of the company’s stock worth $9,220,000 after acquiring an additional 80,567 shares in the last quarter. Raymond James Financial Inc. boosted its position in shares of BlackRock MuniVest Fund by 4.0% during the third quarter. Raymond James Financial Inc. now owns 968,300 shares of the company’s stock valued at $6,643,000 after purchasing an additional 36,953 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of BlackRock MuniVest Fund by 3.6% during the third quarter. Allspring Global Investments Holdings LLC now owns 582,448 shares of the company’s stock valued at $3,996,000 after purchasing an additional 20,206 shares in the last quarter. Hennion & Walsh Asset Management Inc. grew its stake in BlackRock MuniVest Fund by 10.1% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 536,386 shares of the company’s stock worth $3,680,000 after purchasing an additional 49,176 shares during the period. Finally, Bank of America Corp DE grew its stake in BlackRock MuniVest Fund by 23.4% in the third quarter. Bank of America Corp DE now owns 502,020 shares of the company’s stock worth $3,444,000 after purchasing an additional 95,341 shares during the period. 48.16% of the stock is owned by institutional investors.

BlackRock MuniVest Fund Trading Up 0.2%

MVF opened at $7.08 on Friday. The stock has a fifty day simple moving average of $7.03 and a two-hundred day simple moving average of $6.97. BlackRock MuniVest Fund, Inc. has a 12-month low of $6.43 and a 12-month high of $7.36.

BlackRock MuniVest Fund Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, March 2nd. Investors of record on Friday, February 6th were paid a $0.036 dividend. This represents a c) annualized dividend and a dividend yield of 6.1%. The ex-dividend date was Friday, February 6th.

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.