PNC Financial Services Group Inc. raised its holdings in shares of BlackRock MuniVest Fund, Inc. (NYSE:MVF – Get Rating) by 98.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 216,567 shares of the company’s stock after purchasing an additional 107,471 shares during the period. PNC Financial Services Group Inc.’s holdings in BlackRock MuniVest Fund were worth $1,518,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors also recently added to or reduced their stakes in the business. Guggenheim Capital LLC raised its position in shares of BlackRock MuniVest Fund by 4.6% in the 3rd quarter. Guggenheim Capital LLC now owns 1,538,445 shares of the company’s stock valued at $10,215,000 after acquiring an additional 67,370 shares during the period. Wells Fargo & Company MN raised its position in shares of BlackRock MuniVest Fund by 28.6% in the 2nd quarter. Wells Fargo & Company MN now owns 871,853 shares of the company’s stock valued at $6,496,000 after acquiring an additional 193,965 shares during the period. Karpus Management Inc. raised its position in shares of BlackRock MuniVest Fund by 272.9% in the 3rd quarter. Karpus Management Inc. now owns 803,989 shares of the company’s stock valued at $5,338,000 after acquiring an additional 588,358 shares during the period. Fiera Capital Corp raised its position in shares of BlackRock MuniVest Fund by 55.7% in the 4th quarter. Fiera Capital Corp now owns 744,774 shares of the company’s stock valued at $5,221,000 after acquiring an additional 266,349 shares during the period. Finally, Advisors Asset Management Inc. raised its position in shares of BlackRock MuniVest Fund by 10.9% in the 3rd quarter. Advisors Asset Management Inc. now owns 727,685 shares of the company’s stock valued at $4,832,000 after acquiring an additional 71,628 shares during the period.
BlackRock MuniVest Fund Trading Down 0.8 %
Shares of NYSE:MVF opened at $6.55 on Monday. The firm’s 50 day simple moving average is $6.80 and its 200 day simple moving average is $6.88. BlackRock MuniVest Fund, Inc. has a fifty-two week low of $6.33 and a fifty-two week high of $7.93.
BlackRock MuniVest Fund Announces Dividend
The business also recently announced a monthly dividend, which will be paid on Thursday, June 1st. Shareholders of record on Monday, May 15th will be issued a dividend of $0.021 per share. The ex-dividend date of this dividend is Friday, May 12th. This represents a $0.25 annualized dividend and a yield of 3.85%.
BlackRock MuniVest Fund Profile
BlackRock MuniVest Fund, Inc operates as closed end investment fund. Its investment objective is to provide shareholders with as high a level of current income exempt from federal income taxes as is consistent with its investment policies and prudent investment management. The trust seeks to achieve its investment objective by investing its assets in municipal obligations exempt from federal income taxes.
Further Reading
Want to see what other hedge funds are holding MVF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BlackRock MuniVest Fund, Inc. (NYSE:MVF – Get Rating).
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