Logan Stone Capital LLC Lowers Stock Position in BlackRock MuniVest Fund, Inc. (NYSE:MVF)

Logan Stone Capital LLC cut its holdings in shares of BlackRock MuniVest Fund, Inc. (NYSE:MVF) by 77.3% during the 4th quarter, HoldingsChannel reports. The fund owned 57,362 shares of the company’s stock after selling 195,275 shares during the quarter. Logan Stone Capital LLC’s holdings in BlackRock MuniVest Fund were worth $404,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. Bessemer Group Inc. raised its stake in shares of BlackRock MuniVest Fund by 83.1% during the fourth quarter. Bessemer Group Inc. now owns 4,106 shares of the company’s stock worth $29,000 after acquiring an additional 1,864 shares in the last quarter. Indiana Trust & Investment Management Co grew its holdings in shares of BlackRock MuniVest Fund by 1.4% in the fourth 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 last quarter. Bank of America Corp DE grew its holdings in shares of BlackRock MuniVest Fund by 0.5% in the fourth quarter. Bank of America Corp DE now owns 447,153 shares of the company’s stock worth $3,148,000 after purchasing an additional 2,051 shares during the last quarter. Signaturefd LLC bought a new position in shares of BlackRock MuniVest Fund in the fourth quarter worth approximately $35,000. Finally, Janney Montgomery Scott LLC grew its holdings in shares of BlackRock MuniVest Fund by 21.8% in 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 last quarter. 48.16% of the stock is owned by hedge funds and other institutional investors.

BlackRock MuniVest Fund Stock Performance

Shares of BlackRock MuniVest Fund stock opened at $6.88 on Monday. BlackRock MuniVest Fund, Inc. has a 52-week low of $6.50 and a 52-week high of $7.64. The company’s 50 day moving average price is $6.92 and its 200-day moving average price is $7.14.

BlackRock MuniVest Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Thursday, May 15th will be issued a $0.036 dividend. This represents a $0.43 annualized dividend and a dividend yield of 6.28%. The ex-dividend date of this dividend is Thursday, May 15th.

About BlackRock MuniVest Fund

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.