BlackRock MuniVest Fund, Inc. (NYSE:MVF) Shares Sold by Capital Investment Advisors LLC

Capital Investment Advisors LLC trimmed its stake in shares of BlackRock MuniVest Fund, Inc. (NYSE:MVF) by 7.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 340,225 shares of the company’s stock after selling 27,183 shares during the period. Capital Investment Advisors LLC owned 0.53% of BlackRock MuniVest Fund worth $2,586,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Karpus Management Inc. lifted its stake in BlackRock MuniVest Fund by 10.3% in the 1st quarter. Karpus Management Inc. now owns 10,208,746 shares of the company’s stock valued at $72,074,000 after buying an additional 955,073 shares in the last quarter. Robinson Capital Management LLC boosted its stake in shares of BlackRock MuniVest Fund by 17.5% in the first quarter. Robinson Capital Management LLC now owns 1,028,528 shares of the company’s stock worth $7,004,000 after acquiring an additional 153,221 shares during the last quarter. Rothschild Investment LLC purchased a new stake in shares of BlackRock MuniVest Fund during the second quarter worth approximately $955,000. Dakota Wealth Management raised its stake in BlackRock MuniVest Fund by 11.2% in the 2nd quarter. Dakota Wealth Management now owns 262,746 shares of the company’s stock valued at $1,884,000 after purchasing an additional 26,475 shares during the last quarter. Finally, Kimelman & Baird LLC purchased a new position in BlackRock MuniVest Fund in the 2nd quarter valued at $187,000. Institutional investors and hedge funds own 48.16% of the company’s stock.

BlackRock MuniVest Fund Stock Up 0.7 %

BlackRock MuniVest Fund stock opened at $7.61 on Friday. The company has a fifty day simple moving average of $7.50 and a 200-day simple moving average of $7.24. BlackRock MuniVest Fund, Inc. has a 52-week low of $5.85 and a 52-week high of $7.64.

BlackRock MuniVest Fund Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 15th will be paid a dividend of $0.036 per share. This represents a $0.43 annualized dividend and a yield of 5.68%. The ex-dividend date of this dividend is Tuesday, October 15th. This is a boost from BlackRock MuniVest Fund’s previous monthly dividend of $0.03.

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.