Leo Wealth LLC Boosts Stake in BlackRock MuniVest Fund, Inc. (NYSE:MVF)

Leo Wealth LLC raised its position in shares of BlackRock MuniVest Fund, Inc. (NYSE:MVF) by 1.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 307,617 shares of the company’s stock after buying an additional 5,283 shares during the quarter. Leo Wealth LLC’s holdings in BlackRock MuniVest Fund were worth $2,166,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Indiana Trust & Investment Management Co raised its holdings in shares of BlackRock MuniVest Fund by 1.2% during the 3rd quarter. Indiana Trust & Investment Management Co now owns 147,500 shares of the company’s stock worth $1,121,000 after acquiring an additional 1,781 shares in the last quarter. Raymond James & Associates lifted its position in BlackRock MuniVest Fund by 1.6% during the third quarter. Raymond James & Associates now owns 356,787 shares of the company’s stock valued at $2,712,000 after purchasing an additional 5,504 shares during the last quarter. International Assets Investment Management LLC purchased a new position in shares of BlackRock MuniVest Fund in the 3rd quarter worth $3,180,000. Hennion & Walsh Asset Management Inc. bought a new stake in shares of BlackRock MuniVest Fund in the 3rd quarter worth about $164,000. Finally, Pathway Financial Advisers LLC lifted its holdings in shares of BlackRock MuniVest Fund by 666.2% in the 3rd quarter. Pathway Financial Advisers LLC now owns 64,656 shares of the company’s stock valued at $491,000 after acquiring an additional 56,218 shares during the last quarter. Hedge funds and other institutional investors own 48.16% of the company’s stock.

BlackRock MuniVest Fund Trading Up 0.5 %

MVF opened at $7.33 on Friday. The stock has a 50-day moving average of $7.22 and a 200 day moving average of $7.35. BlackRock MuniVest Fund, Inc. has a 12 month low of $6.74 and a 12 month high of $7.64.

BlackRock MuniVest Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Friday, February 14th will be issued a $0.036 dividend. This represents a $0.43 dividend on an annualized basis and a dividend yield of 5.89%. The ex-dividend date is Friday, February 14th.

BlackRock MuniVest Fund 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.