Leo Wealth LLC Has $2.30 Million Holdings in BlackRock MuniVest Fund, Inc. (NYSE:MVF)

Leo Wealth LLC grew its holdings in BlackRock MuniVest Fund, Inc. (NYSE:MVF) by 10.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 302,334 shares of the company’s stock after purchasing an additional 29,607 shares during the period. Leo Wealth LLC owned about 0.47% of BlackRock MuniVest Fund worth $2,298,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Pathway Financial Advisers LLC acquired a new stake in BlackRock MuniVest Fund during the first quarter valued at $59,000. Aviance Capital Partners LLC bought a new stake in shares of BlackRock MuniVest Fund in the 1st quarter valued at approximately $74,000. Cetera Advisors LLC acquired a new position in BlackRock MuniVest Fund in the first quarter worth approximately $101,000. Nomura Holdings Inc. bought a new position in BlackRock MuniVest Fund during the fourth quarter valued at approximately $158,000. Finally, B. Riley Wealth Advisors Inc. lifted its stake in BlackRock MuniVest Fund by 105.4% in the first quarter. B. Riley Wealth Advisors Inc. now owns 22,910 shares of the company’s stock valued at $162,000 after acquiring an additional 11,755 shares during the last quarter. 48.16% of the stock is owned by hedge funds and other institutional investors.

BlackRock MuniVest Fund Stock Performance

Shares of MVF traded down $0.14 during mid-day trading on Tuesday, hitting $7.43. 130,591 shares of the company’s stock were exchanged, compared to its average volume of 125,584. The firm has a fifty day moving average of $7.50 and a two-hundred day moving average of $7.25. BlackRock MuniVest Fund, Inc. has a twelve month low of $5.85 and a twelve month high of $7.64.

BlackRock MuniVest Fund Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 15th will be issued a $0.036 dividend. This represents a $0.43 annualized dividend and a yield of 5.81%. The ex-dividend date is Tuesday, October 15th. This is an increase from BlackRock MuniVest Fund’s previous monthly dividend of $0.03.

BlackRock MuniVest Fund Profile

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.