City of London Investment Management Co. Ltd. Acquires Shares of 215,857 BlackRock MuniVest Fund, Inc. $MVF

City of London Investment Management Co. Ltd. acquired a new position in shares of BlackRock MuniVest Fund, Inc. (NYSE:MVF) during the 3rd quarter, Holdings Channel reports. The firm acquired 215,857 shares of the company’s stock, valued at approximately $1,481,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Geneos Wealth Management Inc. boosted its position in shares of BlackRock MuniVest Fund by 88.1% in the second quarter. Geneos Wealth Management Inc. now owns 4,728 shares of the company’s stock valued at $31,000 after acquiring an additional 2,215 shares during the period. J.W. Cole Advisors Inc. acquired a new stake in BlackRock MuniVest Fund in the 2nd quarter worth about $94,000. Perennial Investment Advisors LLC acquired a new stake in BlackRock MuniVest Fund in the 3rd quarter worth about $103,000. NewEdge Advisors LLC bought a new stake in BlackRock MuniVest Fund in the 2nd quarter valued at about $140,000. Finally, Oppenheimer & Co. Inc. boosted its holdings in BlackRock MuniVest Fund by 22.3% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 21,924 shares of the company’s stock valued at $150,000 after purchasing an additional 4,000 shares during the period. Institutional investors and hedge funds own 48.16% of the company’s stock.

BlackRock MuniVest Fund Stock Performance

Shares of NYSE:MVF opened at $7.08 on Friday. The company’s 50 day moving average price is $7.02 and its two-hundred day moving average price is $6.95. BlackRock MuniVest Fund, Inc. has a 12-month low of $6.43 and a 12-month high of $7.36.

BlackRock MuniVest Fund Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, March 2nd. Shareholders of record on Friday, February 6th were issued a $0.036 dividend. The ex-dividend date of this dividend was Friday, February 6th. This represents a c) annualized dividend and a yield of 6.1%.

BlackRock MuniVest Fund Profile

BlackRock MuniVest Fund, Inc (NYSE: MVF) is an actively managed, closed-end investment company that seeks to provide current income exempt from federal income tax, with a secondary objective of capital appreciation. The Fund primarily invests in investment-grade municipal securities issued by U.S. states, territories, municipalities, agencies and authorities. By focusing on high-quality tax-exempt bonds, the fund aims to deliver a steady stream of federally tax-exempt distributions to its shareholders.

The fund’s portfolio typically includes bonds across a range of maturities and sectors, with an emphasis on intermediate to long-term durations.