J.W. Cole Advisors Inc. Makes New Investment in BlackRock MuniVest Fund, Inc. (NYSE:MVF)

J.W. Cole Advisors Inc. purchased a new position in shares of BlackRock MuniVest Fund, Inc. (NYSE:MVF) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 10,900 shares of the company’s stock, valued at approximately $77,000.

Other institutional investors also recently added to or reduced their stakes in the company. Wolverine Asset Management LLC acquired a new position in BlackRock MuniVest Fund during the 3rd quarter worth $26,000. Larson Financial Group LLC boosted its position in BlackRock MuniVest Fund by 233.3% during the 3rd quarter. Larson Financial Group LLC now owns 5,000 shares of the company’s stock worth $38,000 after acquiring an additional 3,500 shares during the period. US Bancorp DE bought a new stake in shares of BlackRock MuniVest Fund in the 3rd quarter worth $64,000. Benjamin Edwards Inc. bought a new stake in shares of BlackRock MuniVest Fund in the 3rd quarter worth $160,000. Finally, Hennion & Walsh Asset Management Inc. bought a new stake in shares of BlackRock MuniVest Fund in the 3rd quarter worth $164,000. Institutional investors and hedge funds own 48.16% of the company’s stock.

BlackRock MuniVest Fund Price Performance

MVF opened at $7.28 on Friday. BlackRock MuniVest Fund, Inc. has a one year low of $6.74 and a one year high of $7.64. The stock’s fifty day moving average is $7.18 and its 200-day moving average is $7.35.

BlackRock MuniVest Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Friday, February 14th will be paid a $0.036 dividend. This represents a $0.43 dividend on an annualized basis and a dividend yield of 5.93%. The ex-dividend date of this dividend is Friday, February 14th.

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.