City of London Investment Management Co. Ltd. Purchases Shares of 215,857 BlackRock MuniVest Fund, Inc. $MVF

City of London Investment Management Co. Ltd. acquired a new stake in BlackRock MuniVest Fund, Inc. (NYSE:MVF) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 215,857 shares of the company’s stock, valued at approximately $1,481,000. City of London Investment Management Co. Ltd. owned about 0.38% of BlackRock MuniVest Fund at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Integrated Capital Management Inc. lifted its position in shares of BlackRock MuniVest Fund by 5.2% in the third quarter. Integrated Capital Management Inc. now owns 34,255 shares of the company’s stock valued at $235,000 after buying an additional 1,686 shares during the last quarter. Van ECK Associates Corp increased its holdings in shares of BlackRock MuniVest Fund by 0.5% during the 3rd quarter. Van ECK Associates Corp now owns 368,865 shares of the company’s stock worth $2,530,000 after acquiring an additional 1,743 shares during the last quarter. Royal Bank of Canada raised its stake in BlackRock MuniVest Fund by 2.4% in the 1st quarter. Royal Bank of Canada now owns 74,834 shares of the company’s stock valued at $525,000 after acquiring an additional 1,779 shares during the period. Geneos Wealth Management Inc. raised its stake in BlackRock MuniVest Fund by 88.1% in the 2nd quarter. Geneos Wealth Management Inc. now owns 4,728 shares of the company’s stock valued at $31,000 after acquiring an additional 2,215 shares during the period. Finally, Envestnet Asset Management Inc. lifted its holdings in BlackRock MuniVest Fund by 1.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 168,766 shares of the company’s stock valued at $1,110,000 after purchasing an additional 2,293 shares during the last quarter. 48.16% of the stock is owned by institutional investors.

BlackRock MuniVest Fund Stock Up 0.2%

Shares of BlackRock MuniVest Fund stock opened at $7.08 on Friday. The business has a fifty day simple moving average of $7.02 and a two-hundred day simple moving average of $6.95. BlackRock MuniVest Fund, Inc. has a 1 year low of $6.43 and a 1 year high of $7.36.

BlackRock MuniVest Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Monday, March 2nd. Stockholders of record on Friday, February 6th were given a $0.036 dividend. The ex-dividend date of this dividend was Friday, February 6th. This represents a c) annualized dividend and a dividend yield of 6.1%.

BlackRock MuniVest Fund Company Profile

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.