Advisors Asset Management Inc. Reduces Position in BlackRock MuniVest Fund, Inc. (NYSE:MVF)

Advisors Asset Management Inc. trimmed its holdings in BlackRock MuniVest Fund, Inc. (NYSE:MVF) by 7.1% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 558,639 shares of the company’s stock after selling 42,506 shares during the period. Advisors Asset Management Inc.’s holdings in BlackRock MuniVest Fund were worth $4,246,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Indiana Trust & Investment Management Co grew its position in BlackRock MuniVest Fund by 1.2% in the 3rd quarter. Indiana Trust & Investment Management Co now owns 147,500 shares of the company’s stock valued at $1,121,000 after acquiring an additional 1,781 shares during the last quarter. Wolverine Asset Management LLC purchased a new stake in shares of BlackRock MuniVest Fund during the third quarter valued at $26,000. Integrated Capital Management Inc. grew its holdings in shares of BlackRock MuniVest Fund by 16.4% in the second quarter. Integrated Capital Management Inc. now owns 27,599 shares of the company’s stock worth $198,000 after purchasing an additional 3,882 shares during the last quarter. Seed Wealth Management Inc. increased its stake in BlackRock MuniVest Fund by 19.2% in the 2nd quarter. Seed Wealth Management Inc. now owns 24,800 shares of the company’s stock worth $178,000 after buying an additional 4,000 shares during the period. Finally, Raymond James & Associates increased its stake in BlackRock MuniVest Fund by 1.6% in the 3rd quarter. Raymond James & Associates now owns 356,787 shares of the company’s stock worth $2,712,000 after buying an additional 5,504 shares during the period. Hedge funds and other institutional investors own 48.16% of the company’s stock.

BlackRock MuniVest Fund Price Performance

BlackRock MuniVest Fund stock opened at $7.27 on Friday. The firm has a 50-day moving average of $7.43 and a two-hundred day moving average of $7.32. BlackRock MuniVest Fund, Inc. has a 1 year low of $6.64 and a 1 year high of $7.64.

BlackRock MuniVest Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be paid a $0.036 dividend. The ex-dividend date is Friday, November 15th. This represents a $0.43 annualized dividend and a yield of 5.94%.

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.