BlackRock MuniVest Fund, Inc. (MVF) To Go Ex-Dividend on January 20th

BlackRock MuniVest Fund, Inc. (NYSE:MVF) announced a monthly dividend on Friday, January 2nd. Investors of record on Tuesday, January 20th will be paid a dividend of 0.036 per share on Monday, February 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 6.1%. The ex-dividend date of this dividend is Tuesday, January 20th.

BlackRock MuniVest Fund Stock Performance

MVF traded up $0.01 on Friday, reaching $7.04. The company had a trading volume of 93,753 shares, compared to its average volume of 136,542. The company has a fifty day moving average of $6.93 and a 200-day moving average of $6.83. BlackRock MuniVest Fund has a one year low of $6.43 and a one year high of $7.37.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Royal Bank of Canada lifted its holdings in shares of BlackRock MuniVest Fund by 2.4% in the first quarter. Royal Bank of Canada now owns 74,834 shares of the company’s stock valued at $525,000 after purchasing an additional 1,779 shares in the last quarter. Ameritas Advisory Services LLC acquired a new stake in shares of BlackRock MuniVest Fund during the 2nd quarter valued at about $33,000. Realta Investment Advisors bought a new position in BlackRock MuniVest Fund during the 2nd quarter valued at about $138,000. Leo Wealth LLC lifted its position in BlackRock MuniVest Fund by 32.7% during the 2nd quarter. Leo Wealth LLC now owns 322,826 shares of the company’s stock worth $2,124,000 after buying an additional 79,510 shares in the last quarter. Finally, Ackerman Capital Advisors LLC boosted its holdings in BlackRock MuniVest Fund by 82.9% in the second quarter. Ackerman Capital Advisors LLC now owns 27,882 shares of the company’s stock valued at $183,000 after acquiring an additional 12,640 shares during the last quarter. Institutional investors and hedge funds own 48.16% of the company’s stock.

About BlackRock MuniVest Fund

BlackRock MuniVest Fund, Inc (NYSE: MVF) is an actively managed, closed-end investment company that seeks to provide current income exempt from federal income tax, with a secondary objective of capital appreciation. The Fund primarily invests in investment-grade municipal securities issued by U.S. states, territories, municipalities, agencies and authorities. By focusing on high-quality tax-exempt bonds, the fund aims to deliver a steady stream of federally tax-exempt distributions to its shareholders.

The fund’s portfolio typically includes bonds across a range of maturities and sectors, with an emphasis on intermediate to long-term durations.