PNC Financial Services Group Inc. Increases Stock Position in BlackRock MuniVest Fund, Inc. (NYSE:MVF)

PNC Financial Services Group Inc. lifted its holdings in BlackRock MuniVest Fund, Inc. (NYSE:MVF) by 45.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 302,700 shares of the company’s stock after purchasing an additional 94,000 shares during the period. PNC Financial Services Group Inc. owned about 0.47% of BlackRock MuniVest Fund worth $2,155,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of MVF. Karpus Management Inc. lifted its position in shares of BlackRock MuniVest Fund by 25.8% in the 4th quarter. Karpus Management Inc. now owns 9,253,673 shares of the company’s stock worth $65,886,000 after purchasing an additional 1,900,630 shares during the period. Allspring Global Investments Holdings LLC lifted its position in shares of BlackRock MuniVest Fund by 57.8% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,251,877 shares of the company’s stock worth $8,913,000 after purchasing an additional 458,564 shares during the period. Gridiron Partners LLC purchased a new stake in shares of BlackRock MuniVest Fund in the 4th quarter worth approximately $3,147,000. AQR Arbitrage LLC lifted its position in shares of BlackRock MuniVest Fund by 59.6% in the 3rd quarter. AQR Arbitrage LLC now owns 449,035 shares of the company’s stock worth $2,721,000 after purchasing an additional 167,621 shares during the period. Finally, Saba Capital Management L.P. lifted its position in shares of BlackRock MuniVest Fund by 37.8% in the 3rd quarter. Saba Capital Management L.P. now owns 545,041 shares of the company’s stock worth $3,303,000 after purchasing an additional 149,589 shares during the period. Hedge funds and other institutional investors own 48.16% of the company’s stock.

BlackRock MuniVest Fund Stock Up 0.3 %

Shares of MVF opened at $7.18 on Friday. BlackRock MuniVest Fund, Inc. has a fifty-two week low of $5.85 and a fifty-two week high of $7.19. The company has a 50 day moving average price of $6.98 and a 200-day moving average price of $6.98.

BlackRock MuniVest Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, July 1st. Investors of record on Friday, June 14th will be given a dividend of $0.03 per share. The ex-dividend date is Friday, June 14th. This represents a $0.36 dividend on an annualized basis and a yield of 5.01%.

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.