Robinson Capital Management LLC Sells 63,654 Shares of BlackRock MuniVest Fund, Inc. (NYSE:MVF)

Robinson Capital Management LLC decreased its position in shares of BlackRock MuniVest Fund, Inc. (NYSE:MVF) by 6.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 897,322 shares of the company’s stock after selling 63,654 shares during the quarter. BlackRock MuniVest Fund comprises approximately 2.6% of Robinson Capital Management LLC’s investment portfolio, making the stock its 16th largest position. Robinson Capital Management LLC owned approximately 1.49% of BlackRock MuniVest Fund worth $6,317,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in MVF. J.W. Cole Advisors Inc. bought a new position in shares of BlackRock MuniVest Fund in the 4th quarter worth $77,000. Indiana Trust & Investment Management Co raised its holdings in shares of BlackRock MuniVest Fund by 1.4% in the 4th quarter. Indiana Trust & Investment Management Co now owns 149,520 shares of the company’s stock worth $1,053,000 after purchasing an additional 2,020 shares during the period. Leo Wealth LLC lifted its position in shares of BlackRock MuniVest Fund by 1.7% during the 4th quarter. Leo Wealth LLC now owns 307,617 shares of the company’s stock valued at $2,166,000 after buying an additional 5,283 shares during the last quarter. Janney Montgomery Scott LLC boosted its position in BlackRock MuniVest Fund by 21.8% during the fourth quarter. Janney Montgomery Scott LLC now owns 28,471 shares of the company’s stock worth $200,000 after purchasing an additional 5,095 shares during the period. Finally, Hennion & Walsh Asset Management Inc. grew its stake in BlackRock MuniVest Fund by 80.5% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 38,977 shares of the company’s stock valued at $274,000 after buying an additional 17,383 shares in the last quarter. 48.16% of the stock is owned by institutional investors.

BlackRock MuniVest Fund Price Performance

Shares of BlackRock MuniVest Fund stock opened at $7.26 on Tuesday. The company’s 50-day moving average price is $7.19 and its 200-day moving average price is $7.35. BlackRock MuniVest Fund, Inc. has a 12-month low of $6.74 and a 12-month high of $7.64.

BlackRock MuniVest Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, March 3rd. Stockholders 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 5.95%. The ex-dividend date of this dividend is Friday, February 14th.

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.