Advisors Asset Management Inc. Sells 42,506 Shares of BlackRock MuniVest Fund, Inc. (NYSE:MVF)

Posted by Teresa Graham on Nov 23rd, 2024

Advisors Asset Management Inc. lessened its position in shares of BlackRock MuniVest Fund, Inc. (NYSE:MVF – Free Report) by 7.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 558,639 shares of the company’s stock after selling 42,506 shares during the quarter. Advisors Asset Management Inc. owned about 0.87% of BlackRock MuniVest Fund worth $4,246,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Wolverine Asset Management LLC purchased a new stake in shares of BlackRock MuniVest Fund during the 3rd quarter valued at about $26,000. Pathway Financial Advisers LLC bought a new stake in BlackRock MuniVest Fund during the first quarter worth approximately $59,000. US Bancorp DE purchased a new stake in BlackRock MuniVest Fund during the third quarter valued at approximately $64,000. Cetera Advisors LLC bought a new stake in shares of BlackRock MuniVest Fund in the 1st quarter valued at approximately $101,000. Finally, B. Riley Wealth Advisors Inc. boosted its holdings in shares of BlackRock MuniVest Fund by 105.4% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 22,910 shares of the company’s stock worth $162,000 after purchasing an additional 11,755 shares during the period. Institutional investors own 48.16% of the company’s stock.

BlackRock MuniVest Fund Price Performance

NYSE MVF opened at $7.27 on Friday. The business’s 50 day moving average price is $7.43 and its 200-day moving average price is $7.32. BlackRock MuniVest Fund, Inc. has a fifty-two week low of $6.64 and a fifty-two week high of $7.64.

BlackRock MuniVest Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be given a dividend of $0.036 per share. This represents a $0.43 dividend on an annualized basis and a yield of 5.94%. The ex-dividend date is Friday, November 15th.

About BlackRock MuniVest Fund

(Free Report)

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.