HighTower Advisors LLC Invests $423,000 in BlackRock MuniVest Fund, Inc. (NYSE:MVF)

HighTower Advisors LLC purchased a new position in BlackRock MuniVest Fund, Inc. (NYSE:MVF) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 60,038 shares of the company’s stock, valued at approximately $423,000. HighTower Advisors LLC owned about 0.10% of BlackRock MuniVest Fund at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new stake in BlackRock MuniVest Fund in the 4th quarter valued at about $4,978,000. Virtu Financial LLC purchased a new stake in shares of BlackRock MuniVest Fund in the third quarter valued at approximately $218,000. Benjamin Edwards Inc. bought a new position in BlackRock MuniVest Fund in the third quarter worth approximately $160,000. Noble Wealth Management PBC purchased a new position in BlackRock MuniVest Fund during the 4th quarter worth $142,000. Finally, Hennion & Walsh Asset Management Inc. increased its holdings in BlackRock MuniVest Fund by 80.5% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 38,977 shares of the company’s stock worth $274,000 after purchasing an additional 17,383 shares during the period. Hedge funds and other institutional investors own 48.16% of the company’s stock.

BlackRock MuniVest Fund Trading Down 0.3 %

Shares of MVF stock opened at $7.01 on Tuesday. BlackRock MuniVest Fund, Inc. has a twelve month low of $6.74 and a twelve month high of $7.64. The stock has a fifty day simple moving average of $7.19 and a two-hundred day simple moving average of $7.29.

BlackRock MuniVest Fund Announces Dividend

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

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.