Bank of New York Mellon Corp Reduces Stake in BlackRock MuniVest Fund, Inc. (NYSE:MVF)

Bank of New York Mellon Corp trimmed its stake in BlackRock MuniVest Fund, Inc. (NYSE:MVF) by 6.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 72,738 shares of the company’s stock after selling 4,866 shares during the period. Bank of New York Mellon Corp’s holdings in BlackRock MuniVest Fund were worth $512,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of MVF. Virtu Financial LLC purchased a new stake in shares of BlackRock MuniVest Fund in the third quarter valued at approximately $218,000. Benjamin Edwards Inc. acquired a new stake in BlackRock MuniVest Fund in the third quarter valued at approximately $160,000. Hennion & Walsh Asset Management Inc. grew its holdings in BlackRock MuniVest Fund by 80.5% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 38,977 shares of the company’s stock worth $274,000 after purchasing an additional 17,383 shares during the last quarter. Capital Investment Advisors LLC increased its position in shares of BlackRock MuniVest Fund by 3.7% during the fourth quarter. Capital Investment Advisors LLC now owns 352,899 shares of the company’s stock worth $2,484,000 after purchasing an additional 12,674 shares in the last quarter. Finally, J.W. Cole Advisors Inc. purchased a new stake in shares of BlackRock MuniVest Fund during the 4th quarter valued at $77,000. Institutional investors own 48.16% of the company’s stock.

BlackRock MuniVest Fund Stock Down 0.7 %

Shares of BlackRock MuniVest Fund stock opened at $7.01 on Friday. BlackRock MuniVest Fund, Inc. has a 52 week low of $6.74 and a 52 week high of $7.64. The company has a 50 day moving average price of $7.19 and a 200 day moving average price of $7.30.

BlackRock MuniVest Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be issued a $0.036 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.43 annualized dividend and a dividend yield of 6.16%.

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.