Dakota Wealth Management Lowers Stock Holdings in BlackRock MuniVest Fund, Inc. (NYSE:MVF)

Dakota Wealth Management lessened its holdings in BlackRock MuniVest Fund, Inc. (NYSE:MVF) by 6.0% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 247,004 shares of the company’s stock after selling 15,742 shares during the period. Dakota Wealth Management owned 0.38% of BlackRock MuniVest Fund worth $1,877,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Pathway Financial Advisers LLC purchased a new stake in shares of BlackRock MuniVest Fund during the first quarter worth about $59,000. Aviance Capital Partners LLC purchased a new stake in BlackRock MuniVest Fund during the 1st quarter valued at approximately $74,000. Cetera Advisors LLC bought a new stake in shares of BlackRock MuniVest Fund during the first quarter valued at approximately $101,000. B. Riley Wealth Advisors Inc. lifted its holdings in shares of BlackRock MuniVest Fund by 105.4% in 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. Finally, Hennion & Walsh Asset Management Inc. bought a new position in shares of BlackRock MuniVest Fund during the third quarter worth $164,000. 48.16% of the stock is owned by institutional investors.

BlackRock MuniVest Fund Stock Up 0.3 %

MVF opened at $7.27 on Friday. BlackRock MuniVest Fund, Inc. has a fifty-two week low of $5.86 and a fifty-two week high of $7.64. The company has a fifty day moving average of $7.50 and a 200 day moving average of $7.26.

BlackRock MuniVest Fund Increases Dividend

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