Rivernorth Capital Management LLC Sells 261,380 Shares of BlackRock MuniVest Fund, Inc. (NYSE:MVF)

Rivernorth Capital Management LLC lessened its stake in shares of BlackRock MuniVest Fund, Inc. (NYSE:MVF) by 6.0% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,099,224 shares of the company’s stock after selling 261,380 shares during the quarter. BlackRock MuniVest Fund makes up 1.5% of Rivernorth Capital Management LLC’s holdings, making the stock its 19th biggest holding. Rivernorth Capital Management LLC owned approximately 6.37% of BlackRock MuniVest Fund worth $31,154,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the company. Rothschild Investment LLC bought a new stake in BlackRock MuniVest Fund during the 2nd quarter worth approximately $955,000. Pathway Financial Advisers LLC lifted its holdings in shares of BlackRock MuniVest Fund by 666.2% during the third 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 during the period. International Assets Investment Management LLC bought a new stake in shares of BlackRock MuniVest Fund in the third quarter worth $3,180,000. Leo Wealth LLC increased its holdings in BlackRock MuniVest Fund by 10.9% in the third quarter. Leo Wealth LLC now owns 302,334 shares of the company’s stock valued at $2,298,000 after purchasing an additional 29,607 shares during the period. Finally, Virtu Financial LLC bought a new position in BlackRock MuniVest Fund during the 3rd quarter worth $218,000. 48.16% of the stock is currently owned by institutional investors.

BlackRock MuniVest Fund Trading Down 0.7 %

Shares of MVF stock opened at $7.34 on Friday. BlackRock MuniVest Fund, Inc. has a one year low of $6.73 and a one year high of $7.64. The business’s 50 day simple moving average is $7.39 and its 200 day simple moving average is $7.36.

BlackRock MuniVest Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be issued a dividend of $0.036 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $0.43 dividend on an annualized basis and a yield of 5.89%.

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.