According to The Wall Street Journal, Blackrock Munivest Fund, Inc. (NYSE:MVF) distributed its monthly dividend on December 8. Shareholders of record on Friday, December 16 will receive a dividend of $0.0214 per share, payable on Friday, December 30. This is worth $0.26 and has a dividend yield of 3.70 percent. This Thursday, December 15, is the ex-dividend date for this dividend.
In related news, portfolio manager Michael Kalinoski sold 5,660 shares of BlackRock MuniVest Fund stock on Monday, October 10. At an average price of $6.67 per share, the shares were sold for an overall profit of $37,752.20. The portfolio manager will own 2 shares of the company following the transaction, which are estimated to be worth $13.34 each. You can view the court documents in which the transaction was revealed on the Securities and Exchange Commission website. Insiders of the business own 1% (1.0%) of the shares.
NYSE MVF decreased $0.04 during trading hours on Thursday to hit $6.93. The company’s trading volume was 352,370 shares as opposed to its typical volume of 175,562 shares. The stock’s 50-day moving average is $6.67, and its 200-day moving average is $7.17. BlackRock MuniVest Fund’s low and high points for the previous year were $6.33 and $9.63, respectively.
Hedge funds recently bought and sold shares of the business. Cambridge Investment Research Advisors Inc. made a total of $92,000 in new investments for BlackRock MuniVest Fund in the first quarter. Wetherby Asset Management Inc. increased its BlackRock MuniVest Fund holdings during the first quarter by about $97,000. Virtu Financial LLC increased its $98,000 investment in the BlackRock MuniVest Fund during the first quarter. Jane Street Group LLC increased its stake in BlackRock MuniVest Fund by around $142,000 during the second quarter. Lastly, B. fourth trimester. BlackRock MuniVest Fund holdings at Riley Wealth Advisors Inc. have climbed by 105.5 percent. B. Riley Wealth Advisors Inc. has increased the number of its shares from the prior quarter to 23,026 shares, valued at $153,000, an increase of 11,820 shares. Institutional investors and hedge funds own 23.30% of the company’s stock.
BlackRock MuniVest Fund, Inc. was founded by BlackRock, Inc. as a closed-ended fixed-income mutual fund that invests in American fixed-income markets. According to BlackRock Advisors, LLC, the fund’s manager, the majority of the fund’s investments are made in long-term, investment-grade municipal liabilities that are exempt from federal income taxes.

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