Bank of New York Mellon Corp Sells 4,866 Shares of BlackRock MuniVest Fund, Inc. (NYSE:MVF)

Bank of New York Mellon Corp lessened its position in BlackRock MuniVest Fund, Inc. (NYSE:MVF) by 6.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 72,738 shares of the company’s stock after selling 4,866 shares during the period. Bank of New York Mellon Corp owned 0.12% of BlackRock MuniVest Fund worth $512,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Virtu Financial LLC acquired a new stake in BlackRock MuniVest Fund in the 3rd quarter valued at $218,000. Benjamin Edwards Inc. bought a new position in shares of BlackRock MuniVest Fund in the third quarter valued at $160,000. Hennion & Walsh Asset Management Inc. grew its holdings 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 buying an additional 17,383 shares during the last quarter. Capital Investment Advisors LLC increased its position in shares of BlackRock MuniVest Fund by 3.7% during the fourth quarter. Capital Investment Advisors LLC now owns 352,899 shares of the company’s stock worth $2,484,000 after acquiring an additional 12,674 shares in the last quarter. Finally, J.W. Cole Advisors Inc. acquired a new stake in shares of BlackRock MuniVest Fund in the 4th quarter worth about $77,000. 48.16% of the stock is currently owned by institutional investors.

BlackRock MuniVest Fund Stock Performance

BlackRock MuniVest Fund stock opened at $7.01 on Friday. BlackRock MuniVest Fund, Inc. has a fifty-two week low of $6.74 and a fifty-two week high of $7.64. The firm’s 50-day simple moving average is $7.19 and its 200 day simple moving average is $7.30.

BlackRock MuniVest Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be issued a dividend of $0.036 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.43 dividend on an annualized basis and a yield of 6.16%.

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.