Nuveen Asset Management LLC Reduces Stock Holdings in BlackRock MuniVest Fund, Inc. (NYSE:MVF)

Nuveen Asset Management LLC lowered its position in BlackRock MuniVest Fund, Inc. (NYSE:MVF) by 5.9% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 36,916 shares of the company’s stock after selling 2,335 shares during the period. Nuveen Asset Management LLC’s holdings in BlackRock MuniVest Fund were worth $260,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in MVF. Bessemer Group Inc. increased its position in BlackRock MuniVest Fund by 83.1% during the 4th quarter. Bessemer Group Inc. now owns 4,106 shares of the company’s stock worth $29,000 after purchasing an additional 1,864 shares in the last quarter. Indiana Trust & Investment Management Co increased its position in BlackRock MuniVest Fund by 1.4% during the 4th quarter. Indiana Trust & Investment Management Co now owns 149,520 shares of the company’s stock worth $1,053,000 after purchasing an additional 2,020 shares in the last quarter. Bank of America Corp DE increased its position in BlackRock MuniVest Fund by 0.5% during the 4th quarter. Bank of America Corp DE now owns 447,153 shares of the company’s stock worth $3,148,000 after purchasing an additional 2,051 shares in the last quarter. Signaturefd LLC purchased a new stake in BlackRock MuniVest Fund during the 4th quarter worth about $35,000. Finally, Janney Montgomery Scott LLC increased its position in BlackRock MuniVest Fund by 21.8% during the 4th quarter. Janney Montgomery Scott LLC now owns 28,471 shares of the company’s stock worth $200,000 after purchasing an additional 5,095 shares in the last quarter. Hedge funds and other institutional investors own 48.16% of the company’s stock.

BlackRock MuniVest Fund Trading Down 0.7%

BlackRock MuniVest Fund stock opened at $6.63 on Friday. The stock has a 50-day moving average price of $6.77 and a 200 day moving average price of $7.06. BlackRock MuniVest Fund, Inc. has a 52 week low of $6.50 and a 52 week high of $7.64.

BlackRock MuniVest Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, June 13th will be paid a $0.036 dividend. This represents a $0.43 dividend on an annualized basis and a yield of 6.52%. The ex-dividend date is Friday, June 13th.

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.