Park Avenue Securities LLC Lowers Position in BlackRock MuniVest Fund, Inc. (NYSE:MVF)

Park Avenue Securities LLC trimmed its position in shares of BlackRock MuniVest Fund, Inc. (NYSE:MVF) by 6.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 130,669 shares of the company’s stock after selling 8,829 shares during the quarter. Park Avenue Securities LLC’s holdings in BlackRock MuniVest Fund were worth $993,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Cetera Advisors LLC bought a new position in shares of BlackRock MuniVest Fund during the first quarter valued at about $101,000. PNC Financial Services Group Inc. increased its stake 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. Rothschild Investment LLC bought a new position in shares of BlackRock MuniVest Fund during the 2nd quarter worth approximately $955,000. B. Riley Wealth Advisors Inc. boosted its stake in shares of BlackRock MuniVest Fund by 105.4% in the 1st 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 during the last quarter. Finally, Aviance Capital Partners LLC bought a new position in shares of BlackRock MuniVest Fund in the first quarter valued at approximately $74,000. Institutional investors own 48.16% of the company’s stock.

BlackRock MuniVest Fund Stock Down 0.3 %

Shares of MVF opened at $7.52 on Thursday. The stock has a 50 day moving average of $7.48 and a 200 day moving average of $7.22. BlackRock MuniVest Fund, Inc. has a 12 month low of $5.85 and a 12 month high of $7.64.

BlackRock MuniVest Fund Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, November 1st. Stockholders of record on Tuesday, October 15th will be paid a dividend of $0.036 per share. This represents a $0.43 dividend on an annualized basis and a dividend yield of 5.75%. This is a boost from BlackRock MuniVest Fund’s previous monthly dividend of $0.03. The ex-dividend date of this dividend is Tuesday, October 15th.

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.