Hennion & Walsh Asset Management Inc. Raises Stake in BlackRock MuniVest Fund, Inc. (NYSE:MVF)

Hennion & Walsh Asset Management Inc. boosted its stake in BlackRock MuniVest Fund, Inc. (NYSE:MVF) by 80.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 38,977 shares of the company’s stock after acquiring an additional 17,383 shares during the period. Hennion & Walsh Asset Management Inc. owned 0.06% of BlackRock MuniVest Fund worth $274,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Indiana Trust & Investment Management Co increased its stake in shares of BlackRock MuniVest Fund by 1.2% during the 3rd quarter. Indiana Trust & Investment Management Co now owns 147,500 shares of the company’s stock worth $1,121,000 after purchasing an additional 1,781 shares during the last quarter. Wolverine Asset Management LLC bought a new position in BlackRock MuniVest Fund during the third quarter valued at $26,000. Larson Financial Group LLC increased its position in 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 buying an additional 3,500 shares during the last quarter. Raymond James & Associates raised its stake 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 valued at $2,712,000 after buying an additional 5,504 shares during the period. Finally, US Bancorp DE purchased a new position in shares of BlackRock MuniVest Fund during the 3rd quarter valued at $64,000. 48.16% of the stock is currently owned by hedge funds and other institutional investors.

BlackRock MuniVest Fund Price Performance

Shares of MVF opened at $7.21 on Wednesday. BlackRock MuniVest Fund, Inc. has a fifty-two week low of $6.74 and a fifty-two week high of $7.64. The business has a 50-day moving average of $7.25 and a 200 day moving average of $7.36.

BlackRock MuniVest Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Wednesday, January 15th will be given a $0.036 dividend. This represents a $0.43 annualized dividend and a dividend yield of 6.00%. The ex-dividend date is Wednesday, January 15th.

BlackRock MuniVest Fund 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.