BlackRock MuniVest Fund, Inc. (NYSE:MVF) Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. lessened its holdings in shares of BlackRock MuniVest Fund, Inc. (NYSE:MVF) by 6.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 331,559 shares of the company’s stock after selling 21,141 shares during the quarter. PNC Financial Services Group Inc.’s holdings in BlackRock MuniVest Fund were worth $2,520,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Wolverine Asset Management LLC purchased a new position in BlackRock MuniVest Fund during the third quarter worth about $26,000. Pathway Financial Advisers LLC acquired a new position in shares of BlackRock MuniVest Fund during the 1st quarter valued at about $59,000. US Bancorp DE purchased a new position in shares of BlackRock MuniVest Fund during the 3rd quarter worth about $64,000. Cetera Advisors LLC acquired a new stake in shares of BlackRock MuniVest Fund in the first quarter worth approximately $101,000. Finally, Hennion & Walsh Asset Management Inc. purchased a new stake in BlackRock MuniVest Fund in the third quarter valued at approximately $164,000. Institutional investors and hedge funds own 48.16% of the company’s stock.

BlackRock MuniVest Fund Stock Up 0.5 %

Shares of MVF stock opened at $7.32 on Tuesday. The company has a 50 day moving average price of $7.42 and a 200 day moving average price of $7.33. BlackRock MuniVest Fund, Inc. has a one year low of $6.64 and a one year high of $7.64.

BlackRock MuniVest Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be given a $0.036 dividend. This represents a $0.43 annualized dividend and a dividend yield of 5.90%. The ex-dividend date is Friday, November 15th.

About BlackRock MuniVest Fund

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.