Pathstone Holdings LLC Sells 63,006 Shares of BlackRock MuniVest Fund, Inc. (NYSE:MVF)

Pathstone Holdings LLC reduced its stake in BlackRock MuniVest Fund, Inc. (NYSE:MVF) by 3.3% during the 3rd quarter, HoldingsChannel reports. The fund owned 1,821,511 shares of the company’s stock after selling 63,006 shares during the quarter. Pathstone Holdings LLC’s holdings in BlackRock MuniVest Fund were worth $13,844,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Indiana Trust & Investment Management Co grew its stake in shares of BlackRock MuniVest Fund by 1.2% during the 3rd quarter. Indiana Trust & Investment Management Co now owns 147,500 shares of the company’s stock worth $1,121,000 after acquiring an additional 1,781 shares in the last quarter. Wolverine Asset Management LLC bought a new stake in shares of BlackRock MuniVest Fund in the third quarter worth $26,000. Integrated Capital Management Inc. boosted its holdings in BlackRock MuniVest Fund by 16.4% during the second quarter. Integrated Capital Management Inc. now owns 27,599 shares of the company’s stock worth $198,000 after purchasing an additional 3,882 shares during the last quarter. Seed Wealth Management Inc. grew its position in BlackRock MuniVest Fund by 19.2% in the second quarter. Seed Wealth Management Inc. now owns 24,800 shares of the company’s stock valued at $178,000 after purchasing an additional 4,000 shares in the last quarter. Finally, Raymond James & Associates increased its stake in BlackRock MuniVest Fund by 1.6% in the 3rd quarter. Raymond James & Associates now owns 356,787 shares of the company’s stock valued at $2,712,000 after buying an additional 5,504 shares during the last quarter. 48.16% of the stock is owned by institutional investors and hedge funds.

BlackRock MuniVest Fund Price Performance

Shares of NYSE:MVF opened at $7.30 on Wednesday. The company’s 50-day moving average price is $7.45 and its two-hundred day moving average price is $7.32. BlackRock MuniVest Fund, Inc. has a one year low of $6.63 and a one year high of $7.64.

BlackRock MuniVest Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be issued a dividend of $0.036 per share. The ex-dividend date is Friday, November 15th. This represents a $0.43 annualized dividend and a yield of 5.92%.

BlackRock MuniVest Fund Company 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.