Dakota Wealth Management Sells 9,359 Shares of BlackRock MuniVest Fund, Inc. (NYSE:MVF)

Dakota Wealth Management reduced its holdings in BlackRock MuniVest Fund, Inc. (NYSE:MVF) by 3.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 237,645 shares of the company’s stock after selling 9,359 shares during the quarter. Dakota Wealth Management owned about 0.37% of BlackRock MuniVest Fund worth $1,673,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Raymond James & Associates grew its position in shares of BlackRock MuniVest Fund by 1.6% in the 3rd quarter. Raymond James & Associates now owns 356,787 shares of the company’s stock worth $2,712,000 after buying an additional 5,504 shares during the last quarter. US Bancorp DE bought a new stake in shares of BlackRock MuniVest Fund during the third quarter valued at approximately $64,000. Park Avenue Securities LLC boosted its position in shares of BlackRock MuniVest Fund by 7.3% during the fourth quarter. Park Avenue Securities LLC now owns 140,206 shares of the company’s stock valued at $987,000 after purchasing an additional 9,537 shares in the last quarter. Hennion & Walsh Asset Management Inc. boosted its position in shares of BlackRock MuniVest Fund by 80.5% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 38,977 shares of the company’s stock valued at $274,000 after purchasing an additional 17,383 shares in the last quarter. Finally, Wolverine Asset Management LLC bought a new stake in shares of BlackRock MuniVest Fund during the third quarter valued at approximately $26,000. 48.16% of the stock is currently owned by institutional investors.

BlackRock MuniVest Fund Stock Performance

NYSE MVF opened at $7.12 on Friday. BlackRock MuniVest Fund, Inc. has a twelve month low of $6.74 and a twelve month high of $7.64. The stock’s 50 day moving average is $7.24 and its 200 day moving average is $7.36.

BlackRock MuniVest Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, February 3rd. Investors of record on Wednesday, January 15th will be given a dividend of $0.036 per share. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $0.43 annualized dividend and a dividend yield of 6.07%.

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.