BlackRock MuniVest Fund, Inc. (NYSE:MVF) Shares Sold by Capital Investment Advisors LLC

Capital Investment Advisors LLC cut its stake in BlackRock MuniVest Fund, Inc. (NYSE:MVF) by 7.4% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 340,225 shares of the company’s stock after selling 27,183 shares during the quarter. Capital Investment Advisors LLC’s holdings in BlackRock MuniVest Fund were worth $2,586,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Karpus Management Inc. grew its holdings in shares of BlackRock MuniVest Fund by 10.3% in the first quarter. Karpus Management Inc. now owns 10,208,746 shares of the company’s stock valued at $72,074,000 after purchasing an additional 955,073 shares during the period. Robinson Capital Management LLC grew its stake in shares of BlackRock MuniVest Fund by 17.5% in the 1st quarter. Robinson Capital Management LLC now owns 1,028,528 shares of the company’s stock valued at $7,004,000 after buying an additional 153,221 shares during the period. Van ECK Associates Corp increased its holdings in shares of BlackRock MuniVest Fund by 5.1% during the 1st quarter. Van ECK Associates Corp now owns 501,357 shares of the company’s stock worth $3,540,000 after buying an additional 24,388 shares during the last quarter. Raymond James & Associates raised its position in shares of BlackRock MuniVest Fund by 2.7% during the 2nd quarter. Raymond James & Associates now owns 351,283 shares of the company’s stock valued at $2,519,000 after buying an additional 9,258 shares during the period. Finally, Dakota Wealth Management lifted its holdings in BlackRock MuniVest Fund by 11.2% in the second quarter. Dakota Wealth Management now owns 262,746 shares of the company’s stock valued at $1,884,000 after acquiring an additional 26,475 shares during the last quarter. Hedge funds and other institutional investors own 48.16% of the company’s stock.

BlackRock MuniVest Fund Trading Up 0.7 %

Shares of BlackRock MuniVest Fund stock opened at $7.61 on Friday. The stock has a 50 day moving average of $7.50 and a 200 day moving average of $7.24. BlackRock MuniVest Fund, Inc. has a fifty-two week low of $5.85 and a fifty-two week high of $7.64.

BlackRock MuniVest Fund Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, November 1st. Stockholders of record on Tuesday, October 15th will be issued a dividend of $0.036 per share. The ex-dividend date is Tuesday, October 15th. This is a boost from BlackRock MuniVest Fund’s previous monthly dividend of $0.03. This represents a $0.43 dividend on an annualized basis and a dividend yield of 5.68%.

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.