BlackRock MuniVest Fund, Inc. (NYSE:MVF) Shares Sold by Advisors Asset Management Inc.

Advisors Asset Management Inc. lessened its stake in shares of BlackRock MuniVest Fund, Inc. (NYSE:MVF) by 6.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 539,446 shares of the company’s stock after selling 39,885 shares during the quarter. Advisors Asset Management Inc. owned approximately 0.84% of BlackRock MuniVest Fund worth $3,808,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Raymond James Financial Services Advisors Inc. grew its holdings in BlackRock MuniVest Fund by 42.9% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 207,868 shares of the company’s stock valued at $1,480,000 after buying an additional 62,367 shares during the period. Relyea Zuckerberg Hanson LLC purchased a new stake in BlackRock MuniVest Fund in the 4th quarter valued at about $142,000. Melfa Wealth Management LLC grew its holdings in BlackRock MuniVest Fund by 5.4% in the 4th quarter. Melfa Wealth Management LLC now owns 175,943 shares of the company’s stock valued at $1,253,000 after buying an additional 9,083 shares during the period. Seed Wealth Management Inc. purchased a new stake in BlackRock MuniVest Fund in the 4th quarter valued at about $176,000. Finally, International Assets Investment Management LLC purchased a new stake in BlackRock MuniVest Fund in the 4th quarter valued at about $2,750,000. Hedge funds and other institutional investors own 48.16% of the company’s stock.

BlackRock MuniVest Fund Stock Up 0.8 %

Shares of NYSE:MVF traded up $0.06 during trading on Friday, reaching $7.36. 120,705 shares of the stock were exchanged, compared to its average volume of 137,792. BlackRock MuniVest Fund, Inc. has a 12-month low of $5.85 and a 12-month high of $7.44. The firm’s 50-day moving average price is $7.17 and its 200 day moving average price is $7.04.

BlackRock MuniVest Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, August 1st. Stockholders of record on Monday, July 15th will be issued a dividend of $0.03 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 4.89%. The ex-dividend date of this dividend is Monday, July 15th.

About BlackRock MuniVest Fund

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.