Sit Investment Associates Inc. Has $6.90 Million Stock Holdings in BlackRock MuniVest Fund, Inc. (NYSE:MVF)

Sit Investment Associates Inc. grew its stake in BlackRock MuniVest Fund, Inc. (NYSE:MVF) by 318.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 979,630 shares of the company’s stock after purchasing an additional 745,558 shares during the quarter. Sit Investment Associates Inc. owned about 1.62% of BlackRock MuniVest Fund worth $6,897,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in MVF. Raymond James Financial Inc. acquired a new stake in shares of BlackRock MuniVest Fund in the 4th quarter valued at approximately $4,978,000. HighTower Advisors LLC bought a new stake in BlackRock MuniVest Fund in the fourth quarter valued at approximately $423,000. Virtu Financial LLC acquired a new stake in BlackRock MuniVest Fund in the third quarter worth $218,000. Benjamin Edwards Inc. bought a new position in shares of BlackRock MuniVest Fund during the third quarter worth $160,000. Finally, Noble Wealth Management PBC acquired a new position in shares of BlackRock MuniVest Fund in the 4th quarter valued at $142,000. Institutional investors and hedge funds own 48.16% of the company’s stock.

BlackRock MuniVest Fund Stock Down 1.1 %

Shares of BlackRock MuniVest Fund stock opened at $7.01 on Friday. The stock’s fifty day simple moving average is $7.18 and its 200 day simple moving average is $7.28. BlackRock MuniVest Fund, Inc. has a 12 month low of $6.74 and a 12 month high of $7.64.

BlackRock MuniVest Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Tuesday, April 15th will be issued a dividend of $0.036 per share. This represents a $0.43 annualized dividend and a dividend yield of 6.16%. The ex-dividend date of this dividend is Tuesday, April 15th.

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.