Aviance Capital Partners LLC Buys Shares of 10,495 BlackRock MuniVest Fund, Inc. (NYSE:MVF)

Aviance Capital Partners LLC purchased a new position in shares of BlackRock MuniVest Fund, Inc. (NYSE:MVF) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 10,495 shares of the company’s stock, valued at approximately $74,000.

Several other institutional investors and hedge funds have also modified their holdings of MVF. Pineridge Advisors LLC bought a new position in shares of BlackRock MuniVest Fund in the 4th quarter valued at $41,000. Transcend Capital Advisors LLC bought a new stake in shares of BlackRock MuniVest Fund during the fourth quarter worth about $84,000. Stonebrook Private Inc. acquired a new position in shares of BlackRock MuniVest Fund in the fourth quarter valued at approximately $91,000. Cerity Partners LLC bought a new position in BlackRock MuniVest Fund in the 4th quarter valued at approximately $99,000. Finally, Relyea Zuckerberg Hanson LLC acquired a new stake in BlackRock MuniVest Fund during the 4th quarter worth approximately $142,000. 48.16% of the stock is currently owned by institutional investors.

BlackRock MuniVest Fund Stock Performance

Shares of NYSE MVF opened at $7.19 on Tuesday. The firm has a 50 day moving average price of $7.04 and a two-hundred day moving average price of $7.00. BlackRock MuniVest Fund, Inc. has a 52-week low of $5.85 and a 52-week high of $7.23.

BlackRock MuniVest Fund Announces Dividend

The business also recently declared a monthly dividend, which was paid on Monday, July 1st. Stockholders of record on Friday, June 14th were paid a $0.03 dividend. The ex-dividend date of this dividend was Friday, June 14th. This represents a $0.36 annualized dividend and a dividend yield of 5.01%.

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.