Mackay Shields LLC Reduces Stock Position in BlackRock MuniVest Fund, Inc. (NYSE:MVF)

Mackay Shields LLC lessened its holdings in BlackRock MuniVest Fund, Inc. (NYSE:MVF) by 3.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,534,563 shares of the company’s stock after selling 55,183 shares during the quarter. Mackay Shields LLC owned approximately 2.54% of BlackRock MuniVest Fund worth $10,803,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Wolverine Asset Management LLC purchased a new position in shares of BlackRock MuniVest Fund during the third quarter worth about $26,000. Larson Financial Group LLC grew its holdings in shares of BlackRock MuniVest Fund by 233.3% during the third quarter. Larson Financial Group LLC now owns 5,000 shares of the company’s stock worth $38,000 after purchasing an additional 3,500 shares during the last quarter. US Bancorp DE purchased a new position in shares of BlackRock MuniVest Fund during the third quarter worth about $64,000. J.W. Cole Advisors Inc. purchased a new position in shares of BlackRock MuniVest Fund during the fourth quarter worth about $77,000. Finally, Benjamin Edwards Inc. purchased a new position in shares of BlackRock MuniVest Fund during the third quarter worth about $160,000. Hedge funds and other institutional investors own 48.16% of the company’s stock.

BlackRock MuniVest Fund Stock Down 0.1 %

Shares of MVF stock opened at $7.28 on Friday. The stock’s 50-day moving average is $7.18 and its two-hundred day moving average is $7.35. BlackRock MuniVest Fund, Inc. has a 1 year low of $6.74 and a 1 year high of $7.64.

BlackRock MuniVest Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Friday, February 14th will be issued a dividend of $0.036 per share. This represents a $0.43 annualized dividend and a dividend yield of 5.93%. The ex-dividend date is Friday, February 14th.

BlackRock MuniVest Fund Company 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.