BlackRock MuniVest Fund, Inc. (NYSE:MVF) Shares Sold by Wellspring Financial Advisors LLC

Wellspring Financial Advisors LLC cut its position in BlackRock MuniVest Fund, Inc. (NYSE:MVF) by 19.8% during the fourth quarter, Holdings Channel reports. The firm owned 86,796 shares of the company’s stock after selling 21,472 shares during the period. Wellspring Financial Advisors LLC’s holdings in BlackRock MuniVest Fund were worth $611,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently modified their holdings of the company. Envestnet Asset Management Inc. increased its holdings in BlackRock MuniVest Fund by 5.2% in the 4th quarter. Envestnet Asset Management Inc. now owns 166,940 shares of the company’s stock worth $1,175,000 after buying an additional 8,229 shares during the period. Sit Investment Associates Inc. lifted its stake in BlackRock MuniVest Fund by 318.5% during the 4th quarter. Sit Investment Associates Inc. now owns 979,630 shares of the company’s stock valued at $6,897,000 after acquiring an additional 745,558 shares during the period. Landscape Capital Management L.L.C. purchased a new stake in shares of BlackRock MuniVest Fund in the 4th quarter valued at $108,000. LPL Financial LLC increased its stake in shares of BlackRock MuniVest Fund by 21.1% in the fourth quarter. LPL Financial LLC now owns 75,065 shares of the company’s stock worth $528,000 after acquiring an additional 13,067 shares during the period. Finally, Signaturefd LLC purchased a new position in shares of BlackRock MuniVest Fund during the fourth quarter worth $35,000. 48.16% of the stock is currently owned by hedge funds and other institutional investors.

BlackRock MuniVest Fund Stock Down 1.1 %

NYSE:MVF opened at $7.01 on Monday. The firm’s fifty day moving average is $7.18 and its two-hundred day moving average is $7.27. BlackRock MuniVest Fund, Inc. has a one year low of $6.74 and a one year high of $7.64.

BlackRock MuniVest Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Tuesday, April 15th will be paid a $0.036 dividend. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $0.43 dividend on an annualized basis and a dividend yield of 6.16%.

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.