707,152 Shares in BlackRock MuniVest Fund, Inc. (NYSE:MVF) Acquired by Raymond James Financial Inc.

Raymond James Financial Inc. acquired a new stake in BlackRock MuniVest Fund, Inc. (NYSE:MVF) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 707,152 shares of the company’s stock, valued at approximately $4,978,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MVF. Larson Financial Group LLC boosted its position in shares of BlackRock MuniVest Fund by 233.3% during the 3rd quarter. Larson Financial Group LLC now owns 5,000 shares of the company’s stock valued at $38,000 after acquiring an additional 3,500 shares during the last quarter. Benjamin Edwards Inc. acquired a new position in BlackRock MuniVest Fund in the 3rd quarter valued at about $160,000. Virtu Financial LLC purchased a new stake in shares of BlackRock MuniVest Fund in the 3rd quarter valued at approximately $218,000. Capital Investment Advisors LLC increased its holdings in shares of BlackRock MuniVest Fund by 3.7% during the 4th quarter. Capital Investment Advisors LLC now owns 352,899 shares of the company’s stock worth $2,484,000 after buying an additional 12,674 shares during the last quarter. Finally, Park Avenue Securities LLC raised its position in shares of BlackRock MuniVest Fund by 7.3% during the 4th quarter. Park Avenue Securities LLC now owns 140,206 shares of the company’s stock valued at $987,000 after buying an additional 9,537 shares during the period. Hedge funds and other institutional investors own 48.16% of the company’s stock.

BlackRock MuniVest Fund Stock Performance

Shares of MVF opened at $7.15 on Wednesday. The company’s 50-day moving average price is $7.20 and its 200 day moving average price is $7.30. BlackRock MuniVest Fund, Inc. has a 12-month low of $6.74 and a 12-month high of $7.64.

BlackRock MuniVest Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be paid 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 6.04%.

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.