Leo Wealth LLC Increases Position in BlackRock MuniVest Fund, Inc. (NYSE:MVF)

Leo Wealth LLC increased its position in shares of BlackRock MuniVest Fund, Inc. (NYSE:MVF) by 1.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 307,617 shares of the company’s stock after purchasing an additional 5,283 shares during the period. Leo Wealth LLC owned 0.48% of BlackRock MuniVest Fund worth $2,166,000 at the end of the most recent reporting period.

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

BlackRock MuniVest Fund Stock Performance

MVF stock opened at $7.33 on Friday. BlackRock MuniVest Fund, Inc. has a 1-year low of $6.74 and a 1-year high of $7.64. The business has a 50 day simple moving average of $7.22 and a two-hundred day simple moving average of $7.35.

BlackRock MuniVest Fund Announces Dividend

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

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.