1607 Capital Partners LLC Has $3.88 Million Position in BlackRock MuniVest Fund, Inc. (NYSE:MVF)

1607 Capital Partners LLC grew its position in shares of BlackRock MuniVest Fund, Inc. (NYSE:MVF) by 39.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 551,113 shares of the company’s stock after purchasing an additional 156,865 shares during the quarter. 1607 Capital Partners LLC owned approximately 0.91% of BlackRock MuniVest Fund worth $3,880,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in MVF. Guggenheim Capital LLC increased its position in BlackRock MuniVest Fund by 9.3% in the 4th quarter. Guggenheim Capital LLC now owns 1,137,845 shares of the company’s stock valued at $8,010,000 after acquiring an additional 97,081 shares during the period. Sit Investment Associates Inc. lifted its holdings in BlackRock MuniVest Fund by 318.5% during the 4th quarter. Sit Investment Associates Inc. now owns 979,630 shares of the company’s stock worth $6,897,000 after buying an additional 745,558 shares during the period. Raymond James Financial Inc. bought a new stake in shares of BlackRock MuniVest Fund in the 4th quarter valued at about $4,978,000. Capital Investment Advisors LLC increased its stake in shares of BlackRock MuniVest Fund by 3.7% in the fourth quarter. Capital Investment Advisors LLC now owns 352,899 shares of the company’s stock valued at $2,484,000 after buying an additional 12,674 shares during the period. Finally, Leo Wealth LLC raised its position in shares of BlackRock MuniVest Fund by 1.7% during the fourth quarter. Leo Wealth LLC now owns 307,617 shares of the company’s stock worth $2,166,000 after acquiring an additional 5,283 shares during the last quarter. Institutional investors and hedge funds own 48.16% of the company’s stock.

BlackRock MuniVest Fund Trading Up 0.6 %

Shares of MVF stock opened at $6.75 on Wednesday. BlackRock MuniVest Fund, Inc. has a one year low of $6.50 and a one year high of $7.64. The business’s 50 day simple moving average is $7.08 and its 200 day simple moving average is $7.23.

BlackRock MuniVest Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Tuesday, April 15th will be given a dividend of $0.036 per share. This represents a $0.43 annualized dividend and a dividend yield of 6.40%. 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.