BlackRock MuniVest Fund, Inc. (MVF) to Issue Monthly Dividend of $0.04 on August 1st

BlackRock MuniVest Fund, Inc. (NYSE:MVF) declared a monthly dividend on Thursday, July 3rd, Wall Street Journal reports. Shareholders of record on Tuesday, July 15th will be paid a dividend of 0.036 per share on Friday, August 1st. This represents a $0.43 dividend on an annualized basis and a dividend yield of 6.59%. The ex-dividend date is Tuesday, July 15th.

BlackRock MuniVest Fund Stock Performance

Shares of NYSE:MVF opened at $6.56 on Friday. The company’s 50 day moving average price is $6.68 and its two-hundred day moving average price is $6.94. BlackRock MuniVest Fund has a 12-month low of $6.50 and a 12-month high of $7.64.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in BlackRock MuniVest Fund stock. Royal Bank of Canada grew its holdings in shares of BlackRock MuniVest Fund, Inc. (NYSE:MVF) by 2.4% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 74,834 shares of the company’s stock after purchasing an additional 1,779 shares during the period. Royal Bank of Canada owned about 0.12% of BlackRock MuniVest Fund worth $525,000 at the end of the most recent quarter. 48.16% of the stock is currently owned by hedge funds and other institutional investors.

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.