BlackRock MuniVest Fund, Inc. (NYSE:MVF – Get Free Report) declared a dividend on Wednesday, December 13th, investing.com reports. Stockholders of record on Friday, December 15th will be given a dividend of 0.03 per share on Friday, December 29th. This represents a dividend yield of 5.24%. The ex-dividend date of this dividend is Thursday, December 14th.

BlackRock MuniVest Fund Price Performance

Shares of MVF stock traded up $0.03 during trading hours on Wednesday, hitting $6.90. 157,656 shares of the company’s stock traded hands, compared to its average volume of 132,370. The stock’s 50 day simple moving average is $6.41 and its 200 day simple moving average is $6.53. BlackRock MuniVest Fund has a 12 month low of $5.85 and a 12 month high of $7.25.

Hedge Funds Weigh In On BlackRock MuniVest Fund

A number of hedge funds have recently made changes to their positions in the stock. LPL Financial LLC raised its position in shares of BlackRock MuniVest Fund by 30.8% during the third quarter. LPL Financial LLC now owns 59,022 shares of the company’s stock worth $358,000 after acquiring an additional 13,909 shares during the last quarter. Envestnet Asset Management Inc. raised its position in shares of BlackRock MuniVest Fund by 3.3% during the third quarter. Envestnet Asset Management Inc. now owns 151,750 shares of the company’s stock worth $920,000 after acquiring an additional 4,918 shares during the last quarter. Walleye Capital LLC raised its position in shares of BlackRock MuniVest Fund by 108.1% during the second quarter. Walleye Capital LLC now owns 25,246 shares of the company’s stock worth $170,000 after acquiring an additional 13,116 shares during the last quarter. Rockefeller Capital Management L.P. raised its position in shares of BlackRock MuniVest Fund by 2.1% during the second quarter. Rockefeller Capital Management L.P. now owns 147,958 shares of the company’s stock worth $996,000 after acquiring an additional 2,995 shares during the last quarter. Finally, Bank of New York Mellon Corp bought a new position in shares of BlackRock MuniVest Fund during the second quarter worth about $301,000. 39.48% of the stock is currently owned by institutional investors.

BlackRock MuniVest Fund Company Profile (Get 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.

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Original: MarketBeat News Feed: BlackRock MuniVest Fund, Inc. Plans Dividend of $0.03 (NYSE:MVF)