International Assets Investment Management LLC purchased a new stake in BlackRock MuniVest Fund, Inc. (NYSE:MVF – Free Report) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 38,610 shares of the company’s stock, valued at approximately $2,750,000.
Several other hedge funds have also bought and sold shares of MVF. Seed Wealth Management Inc. purchased a new position in shares of BlackRock MuniVest Fund during the fourth quarter valued at about $176,000. Melfa Wealth Management LLC grew its position in shares of BlackRock MuniVest Fund by 5.4% during the fourth quarter. Melfa Wealth Management LLC now owns 175,943 shares of the company’s stock valued at $1,253,000 after purchasing an additional 9,083 shares in the last quarter. Relyea Zuckerberg Hanson LLC purchased a new position in shares of BlackRock MuniVest Fund during the fourth quarter valued at about $142,000. Raymond James Financial Services Advisors Inc. grew its position in shares of BlackRock MuniVest Fund by 42.9% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 207,868 shares of the company’s stock valued at $1,480,000 after purchasing an additional 62,367 shares in the last quarter. Finally, AQR Arbitrage LLC grew its position in shares of BlackRock MuniVest Fund by 59.6% during the third quarter. AQR Arbitrage LLC now owns 449,035 shares of the company’s stock valued at $2,721,000 after purchasing an additional 167,621 shares in the last quarter. Hedge funds and other institutional investors own 48.16% of the company’s stock.
BlackRock MuniVest Fund Stock Performance
Shares of BlackRock MuniVest Fund stock opened at $7.04 on Friday. BlackRock MuniVest Fund, Inc. has a twelve month low of $5.85 and a twelve month high of $7.19. The business has a 50-day moving average price of $6.95 and a 200-day moving average price of $6.86.
BlackRock MuniVest Fund Dividend Announcement
The firm also recently declared a monthly dividend, which will be paid on Monday, June 3rd. Investors of record on Wednesday, May 15th will be issued a $0.03 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 5.11%. The ex-dividend date is Tuesday, May 14th.
BlackRock MuniVest Fund Company 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.
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