B. Riley Wealth Advisors Inc. Sells 11,755 Shares of BlackRock MuniVest Fund, Inc. (NYSE:MVF)

B. Riley Wealth Advisors Inc. trimmed its holdings in BlackRock MuniVest Fund, Inc. (NYSE:MVF) by 51.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,155 shares of the company’s stock after selling 11,755 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in BlackRock MuniVest Fund were worth $80,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in MVF. Karpus Management Inc. lifted its position in BlackRock MuniVest Fund by 10.3% in the 1st quarter. Karpus Management Inc. now owns 10,208,746 shares of the company’s stock valued at $72,074,000 after acquiring an additional 955,073 shares in the last quarter. Robinson Capital Management LLC boosted its position in shares of BlackRock MuniVest Fund by 17.5% during the first quarter. Robinson Capital Management LLC now owns 1,028,528 shares of the company’s stock valued at $7,004,000 after buying an additional 153,221 shares during the last quarter. Van ECK Associates Corp boosted its position in shares of BlackRock MuniVest Fund by 5.1% during the first quarter. Van ECK Associates Corp now owns 501,357 shares of the company’s stock valued at $3,540,000 after buying an additional 24,388 shares during the last quarter. Raymond James & Associates grew its holdings in BlackRock MuniVest Fund by 2.7% during the second quarter. Raymond James & Associates now owns 351,283 shares of the company’s stock worth $2,519,000 after buying an additional 9,258 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its position in BlackRock MuniVest Fund by 45.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 302,700 shares of the company’s stock valued at $2,155,000 after buying an additional 94,000 shares during the last quarter. 48.16% of the stock is currently owned by institutional investors and hedge funds.

BlackRock MuniVest Fund Stock Performance

Shares of NYSE:MVF opened at $7.53 on Friday. The stock’s fifty day simple moving average is $7.49 and its two-hundred day simple moving average is $7.22. BlackRock MuniVest Fund, Inc. has a 1-year low of $5.85 and a 1-year high of $7.64.

BlackRock MuniVest Fund Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 15th will be issued a dividend of $0.036 per share. This is a positive change from BlackRock MuniVest Fund’s previous monthly dividend of $0.03. This represents a $0.43 dividend on an annualized basis and a yield of 5.74%. The ex-dividend date is Tuesday, October 15th.

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.