Creative Financial Designs Inc. ADV Takes $38,000 Position in BlackRock MuniVest Fund, Inc. (NYSE:MVF)

Creative Financial Designs Inc. ADV bought a new stake in shares of BlackRock MuniVest Fund, Inc. (NYSE:MVF) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 5,450 shares of the company’s stock, valued at approximately $38,000.

A number of other institutional investors have also recently modified their holdings of MVF. Larson Financial Group LLC lifted its position in shares of BlackRock MuniVest Fund by 233.3% during the 3rd quarter. Larson Financial Group LLC now owns 5,000 shares of the company’s stock valued at $38,000 after acquiring an additional 3,500 shares during the period. J.W. Cole Advisors Inc. bought a new stake in shares of BlackRock MuniVest Fund during the 4th quarter valued at $77,000. Noble Wealth Management PBC bought a new stake in shares of BlackRock MuniVest Fund during the 4th quarter worth $142,000. Benjamin Edwards Inc. bought a new stake in shares of BlackRock MuniVest Fund during the 3rd quarter worth $160,000. Finally, Janney Montgomery Scott LLC lifted its position in shares of BlackRock MuniVest Fund by 21.8% during the 4th quarter. Janney Montgomery Scott LLC now owns 28,471 shares of the company’s stock worth $200,000 after buying an additional 5,095 shares during the last quarter. 48.16% of the stock is currently owned by institutional investors.

BlackRock MuniVest Fund Stock Performance

Shares of MVF stock opened at $7.17 on Friday. BlackRock MuniVest Fund, Inc. has a twelve month low of $6.74 and a twelve month high of $7.64. The business has a fifty day simple moving average of $7.20 and a 200 day simple moving average of $7.31.

BlackRock MuniVest Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be given a dividend of $0.036 per share. The ex-dividend date is Friday, March 14th. This represents a $0.43 annualized dividend and a dividend yield of 6.03%.

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.