B. Riley Wealth Advisors Inc. Decreases Holdings in BlackRock MuniVest Fund, Inc. (NYSE:MVF)

B. Riley Wealth Advisors Inc. decreased its position in shares of BlackRock MuniVest Fund, Inc. (NYSE:MVF) by 51.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,155 shares of the company’s stock after selling 11,755 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in BlackRock MuniVest Fund were worth $79,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. Wellspring Financial Advisors LLC boosted its stake in shares of BlackRock MuniVest Fund by 11.3% during the 4th quarter. Wellspring Financial Advisors LLC now owns 50,300 shares of the company’s stock worth $358,000 after acquiring an additional 5,100 shares in the last quarter. Pineridge Advisors LLC purchased a new stake in shares of BlackRock MuniVest Fund during the 4th quarter worth approximately $41,000. Melfa Wealth Management LLC boosted its stake in shares of BlackRock MuniVest Fund by 5.4% during the 4th quarter. Melfa Wealth Management LLC now owns 175,943 shares of the company’s stock worth $1,253,000 after acquiring an additional 9,083 shares in the last quarter. Transcend Capital Advisors LLC purchased a new stake in shares of BlackRock MuniVest Fund during the 4th quarter worth approximately $84,000. Finally, Stonebrook Private Inc. purchased a new stake in shares of BlackRock MuniVest Fund during the 4th quarter worth approximately $91,000. Hedge funds and other institutional investors own 48.16% of the company’s stock.

BlackRock MuniVest Fund Stock Down 0.3 %

MVF stock opened at $7.17 on Friday. BlackRock MuniVest Fund, Inc. has a 1 year low of $5.85 and a 1 year high of $7.23. The stock’s 50 day moving average price is $7.03 and its 200 day moving average price is $7.00.

BlackRock MuniVest Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, July 1st. Investors of record on Friday, June 14th will be paid a $0.03 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 5.02%. The ex-dividend date is Friday, June 14th.

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.