BlackRock MuniVest Fund, Inc. (NYSE:MVF) Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. reduced its stake in BlackRock MuniVest Fund, Inc. (NYSE:MVF) by 6.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 311,831 shares of the company’s stock after selling 19,728 shares during the period. PNC Financial Services Group Inc.’s holdings in BlackRock MuniVest Fund were worth $2,195,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in MVF. Wolverine Asset Management LLC acquired a new stake in BlackRock MuniVest Fund during the third quarter valued at approximately $26,000. Larson Financial Group LLC lifted its stake in BlackRock MuniVest Fund by 233.3% during the third quarter. Larson Financial Group LLC now owns 5,000 shares of the company’s stock valued at $38,000 after purchasing an additional 3,500 shares during the last quarter. US Bancorp DE acquired a new stake in BlackRock MuniVest Fund during the third quarter valued at approximately $64,000. J.W. Cole Advisors Inc. acquired a new stake in BlackRock MuniVest Fund during the fourth quarter valued at approximately $77,000. Finally, Noble Wealth Management PBC acquired a new stake in BlackRock MuniVest Fund during the fourth quarter valued at approximately $142,000. 48.16% of the stock is owned by institutional investors and hedge funds.

BlackRock MuniVest Fund Price Performance

MVF stock opened at $7.01 on Friday. BlackRock MuniVest Fund, Inc. has a 12 month low of $6.74 and a 12 month high of $7.64. The firm has a 50 day simple moving average of $7.21 and a 200 day simple moving average of $7.32.

BlackRock MuniVest Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be paid a dividend of $0.036 per share. This represents a $0.43 annualized dividend and a yield of 6.17%. The ex-dividend date of this dividend is Friday, March 14th.

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.