BlackRock MuniVest Fund, Inc. (NYSE:MVF) Shares Sold by Avior Wealth Management LLC

Avior Wealth Management LLC cut its stake in BlackRock MuniVest Fund, Inc. (NYSE:MVF) by 11.9% during the 4th quarter, Holdings Channel.com reports. The fund owned 25,774 shares of the company’s stock after selling 3,475 shares during the period. Avior Wealth Management LLC’s holdings in BlackRock MuniVest Fund were worth $181,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. Wolverine Asset Management LLC acquired a new position in shares of BlackRock MuniVest Fund in the 3rd quarter valued at $26,000. Larson Financial Group LLC raised its position in shares of BlackRock MuniVest Fund by 233.3% in the 3rd quarter. Larson Financial Group LLC now owns 5,000 shares of the company’s stock worth $38,000 after buying an additional 3,500 shares during the period. US Bancorp DE acquired a new position in BlackRock MuniVest Fund in the third quarter valued at $64,000. Benjamin Edwards Inc. purchased a new stake in BlackRock MuniVest Fund during the third quarter valued at about $160,000. Finally, Hennion & Walsh Asset Management Inc. acquired a new stake in BlackRock MuniVest Fund during the third quarter worth about $164,000. 48.16% of the stock is currently owned by hedge funds and other institutional investors.

BlackRock MuniVest Fund Stock Performance

BlackRock MuniVest Fund stock opened at $7.20 on Tuesday. BlackRock MuniVest Fund, Inc. has a 12 month low of $6.74 and a 12 month high of $7.64. The stock’s 50-day moving average is $7.24 and its 200-day moving average is $7.36.

BlackRock MuniVest Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Wednesday, January 15th will be given a dividend of $0.036 per share. The ex-dividend date is Wednesday, January 15th. This represents a $0.43 dividend on an annualized basis and a yield of 6.00%.

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.