Hennion & Walsh Asset Management Inc. Takes $164,000 Position in BlackRock MuniVest Fund, Inc. (NYSE:MVF)

Hennion & Walsh Asset Management Inc. bought a new stake in BlackRock MuniVest Fund, Inc. (NYSE:MVF) during the 3rd quarter, HoldingsChannel.com reports. The firm bought 21,594 shares of the company’s stock, valued at approximately $164,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Cetera Advisors LLC purchased a new position in shares of BlackRock MuniVest Fund in the first quarter valued at approximately $101,000. Rothschild Investment LLC purchased a new position in BlackRock MuniVest Fund during the second quarter worth approximately $955,000. B. Riley Wealth Advisors Inc. lifted its position in BlackRock MuniVest Fund by 105.4% during the first quarter. B. Riley Wealth Advisors Inc. now owns 22,910 shares of the company’s stock worth $162,000 after buying an additional 11,755 shares in the last quarter. Dakota Wealth Management lifted its position in BlackRock MuniVest Fund by 11.2% during the second quarter. Dakota Wealth Management now owns 262,746 shares of the company’s stock worth $1,884,000 after buying an additional 26,475 shares in the last quarter. Finally, Van ECK Associates Corp lifted its position in BlackRock MuniVest Fund by 5.1% during the first quarter. Van ECK Associates Corp now owns 501,357 shares of the company’s stock worth $3,540,000 after buying an additional 24,388 shares in the last quarter. Hedge funds and other institutional investors own 48.16% of the company’s stock.

BlackRock MuniVest Fund Trading Up 0.7 %

Shares of BlackRock MuniVest Fund stock opened at $7.27 on Thursday. BlackRock MuniVest Fund, Inc. has a one year low of $5.98 and a one year high of $7.64. The business’s 50 day moving average price is $7.48 and its 200 day moving average price is $7.27.

BlackRock MuniVest Fund Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 15th will be given a dividend of $0.036 per share. This is an increase from BlackRock MuniVest Fund’s previous monthly dividend of $0.03. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $0.43 dividend on an annualized basis and a yield of 5.94%.

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.