BlackRock MuniVest Fund, Inc. (NYSE:MVF – Get Free Report) announced a monthly dividend on Friday, December 12th. Stockholders of record on Monday, December 22nd will be paid a dividend of 0.036 per share on Wednesday, December 31st. This represents a c) dividend on an annualized basis and a dividend yield of 6.3%. The ex-dividend date of this dividend is Monday, December 22nd.
BlackRock MuniVest Fund Stock Performance
MVF remained flat at $6.90 during trading hours on Friday. 143,367 shares of the company traded hands, compared to its average volume of 138,312. BlackRock MuniVest Fund has a fifty-two week low of $6.43 and a fifty-two week high of $7.37. The firm has a fifty day moving average price of $6.96 and a 200-day moving average price of $6.78.
Institutional Trading of BlackRock MuniVest Fund
A number of hedge funds and other institutional investors have recently modified their holdings of MVF. Susquehanna International Group LLP bought a new stake in BlackRock MuniVest Fund during the third quarter worth about $162,000. City of London Investment Management Co. Ltd. acquired a new stake in shares of BlackRock MuniVest Fund in the 3rd quarter valued at approximately $1,481,000. Bank of America Corp DE grew its stake in shares of 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 valued at $3,444,000 after buying an additional 95,341 shares in the last quarter. Raymond James Financial Inc. grew its stake in shares of BlackRock MuniVest Fund by 4.0% in the third quarter. Raymond James Financial Inc. now owns 968,300 shares of the company’s stock valued at $6,643,000 after buying an additional 36,953 shares in the last quarter. Finally, Van ECK Associates Corp increased its holdings in BlackRock MuniVest Fund by 0.5% during the third quarter. Van ECK Associates Corp now owns 368,865 shares of the company’s stock worth $2,530,000 after buying an additional 1,743 shares during the last quarter. Institutional investors and hedge funds own 48.16% of the company’s stock.
BlackRock MuniVest Fund Company 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.
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