Allspring Global Investments Holdings LLC Lowers Stock Holdings in BlackRock MuniVest Fund, Inc. (NYSE:MVF)

Allspring Global Investments Holdings LLC cut its stake in shares of BlackRock MuniVest Fund, Inc. (NYSE:MVF) by 6.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 740,906 shares of the company’s stock after selling 46,875 shares during the period. Allspring Global Investments Holdings LLC’s holdings in BlackRock MuniVest Fund were worth $5,216,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Pathway Financial Advisers LLC increased its position in BlackRock MuniVest Fund by 666.2% during 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 during the period. International Assets Investment Management LLC purchased a new stake in shares of BlackRock MuniVest Fund in the third quarter valued at approximately $3,180,000. Virtu Financial LLC acquired a new position in BlackRock MuniVest Fund during the third quarter worth $218,000. Hennion & Walsh Asset Management Inc. acquired a new stake in BlackRock MuniVest Fund in the third quarter valued at $164,000. Finally, Benjamin Edwards Inc. acquired a new stake in BlackRock MuniVest Fund in the third quarter valued at $160,000. 48.16% of the stock is currently owned by hedge funds and other institutional investors.

BlackRock MuniVest Fund Trading Up 0.2 %

Shares of MVF opened at $7.28 on Thursday. 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 simple moving average of $7.18 and a 200-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. Shareholders of record on Friday, February 14th will be issued a $0.036 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.43 dividend on an annualized basis and a yield of 5.94%.

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.