PNC Financial Services Group Inc. Decreases Position in BlackRock MuniVest Fund, Inc. (NYSE:MVF)

PNC Financial Services Group Inc. decreased its position in BlackRock MuniVest Fund, Inc. (NYSE:MVFFree Report) by 6.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 331,559 shares of the company’s stock after selling 21,141 shares during the period. PNC Financial Services Group Inc. owned about 0.51% of BlackRock MuniVest Fund worth $2,520,000 at the end of the most recent reporting period.

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

BlackRock MuniVest Fund Price Performance

BlackRock MuniVest Fund stock opened at $7.32 on Tuesday. BlackRock MuniVest Fund, Inc. has a fifty-two week low of $6.64 and a fifty-two week high of $7.64. The stock has a fifty day moving average of $7.42 and a two-hundred day moving average of $7.33.

BlackRock MuniVest Fund Dividend Announcement

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 paid a $0.036 dividend. This represents a $0.43 annualized dividend and a yield of 5.90%. The ex-dividend date of this dividend is Friday, November 15th.

BlackRock MuniVest Fund Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for BlackRock MuniVest Fund (NYSE:MVF)

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