Phillip Soccio Sells 5,562 Shares of BlackRock MuniVest Fund (NYSE:MVF) Stock

BlackRock MuniVest Fund, Inc. (NYSE:MVF) Portfolio Manager Phillip Soccio sold 5,562 shares of the firm’s stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $6.53, for a total value of $36,319.86. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

BlackRock MuniVest Fund Price Performance

Shares of NYSE MVF opened at $7.02 on Thursday. BlackRock MuniVest Fund, Inc. has a fifty-two week low of $6.43 and a fifty-two week high of $7.57. The stock’s 50-day simple moving average is $6.83 and its 200-day simple moving average is $6.73.

BlackRock MuniVest Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, November 3rd. Stockholders of record on Wednesday, October 15th will be given a dividend of $0.036 per share. This represents a c) annualized dividend and a dividend yield of 6.2%. The ex-dividend date of this dividend is Wednesday, October 15th.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in MVF. Oppenheimer & Co. Inc. acquired a new position in BlackRock MuniVest Fund during the first quarter worth approximately $109,000. Kestra Private Wealth Services LLC acquired a new position in BlackRock MuniVest Fund during the first quarter worth approximately $186,000. PNC Financial Services Group Inc. increased its position in BlackRock MuniVest Fund by 7.0% during the first quarter. PNC Financial Services Group Inc. now owns 333,712 shares of the company’s stock worth $2,339,000 after buying an additional 21,881 shares during the period. Ackerman Capital Advisors LLC acquired a new position in BlackRock MuniVest Fund during the first quarter worth approximately $107,000. Finally, Invesco Ltd. increased its position in BlackRock MuniVest Fund by 22.7% during the first quarter. Invesco Ltd. now owns 284,350 shares of the company’s stock worth $1,993,000 after buying an additional 52,587 shares during the period. Institutional investors and hedge funds own 48.16% of the company’s stock.

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.