Park Avenue Securities LLC Buys 9,537 Shares of BlackRock MuniVest Fund, Inc. (NYSE:MVF)

Park Avenue Securities LLC raised its holdings in shares of BlackRock MuniVest Fund, Inc. (NYSE:MVF) by 7.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 140,206 shares of the company’s stock after purchasing an additional 9,537 shares during the quarter. Park Avenue Securities LLC owned approximately 0.22% of BlackRock MuniVest Fund worth $987,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in MVF. Indiana Trust & Investment Management Co lifted its holdings in shares of BlackRock MuniVest Fund by 1.2% in the third quarter. Indiana Trust & Investment Management Co now owns 147,500 shares of the company’s stock worth $1,121,000 after buying an additional 1,781 shares in the last quarter. Wolverine Asset Management LLC bought a new position in shares of BlackRock MuniVest Fund in the third quarter worth approximately $26,000. Larson Financial Group LLC grew its holdings in shares of BlackRock MuniVest Fund by 233.3% in the third quarter. Larson Financial Group LLC now owns 5,000 shares of the company’s stock worth $38,000 after purchasing an additional 3,500 shares during the last quarter. Raymond James & Associates grew its holdings in shares of BlackRock MuniVest Fund by 1.6% in the third quarter. Raymond James & Associates now owns 356,787 shares of the company’s stock worth $2,712,000 after purchasing an additional 5,504 shares during the last quarter. Finally, US Bancorp DE bought a new position in shares of BlackRock MuniVest Fund in the third quarter worth approximately $64,000. 48.16% of the stock is owned by hedge funds and other institutional investors.

BlackRock MuniVest Fund Trading Up 0.4 %

NYSE:MVF opened at $7.18 on Tuesday. The firm’s fifty day simple moving average is $7.25 and its 200 day simple moving average is $7.36. BlackRock MuniVest Fund, Inc. has a twelve month low of $6.73 and a twelve month high of $7.64.

BlackRock MuniVest Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Wednesday, January 15th will be given a dividend of $0.036 per share. This represents a $0.43 annualized dividend and a yield of 6.02%. The ex-dividend date is Wednesday, January 15th.

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.