Gridiron Partners LLC Sells 11,183 Shares of BlackRock MuniVest Fund, Inc. (NYSE:MVF)

Gridiron Partners LLC reduced its position in BlackRock MuniVest Fund, Inc. (NYSE:MVF) by 2.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 379,981 shares of the company’s stock after selling 11,183 shares during the quarter. BlackRock MuniVest Fund comprises about 1.7% of Gridiron Partners LLC’s portfolio, making the stock its 9th biggest holding. Gridiron Partners LLC’s holdings in BlackRock MuniVest Fund were worth $2,675,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in MVF. Hennion & Walsh Asset Management Inc. raised its holdings in BlackRock MuniVest Fund by 80.5% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 38,977 shares of the company’s stock worth $274,000 after purchasing an additional 17,383 shares during the period. Park Avenue Securities LLC lifted its position in shares of BlackRock MuniVest Fund by 7.3% during the 4th quarter. Park Avenue Securities LLC now owns 140,206 shares of the company’s stock valued at $987,000 after buying an additional 9,537 shares in the last quarter. Capital Investment Advisors LLC grew its stake in BlackRock MuniVest Fund by 3.7% in the 4th quarter. Capital Investment Advisors LLC now owns 352,899 shares of the company’s stock valued at $2,484,000 after acquiring an additional 12,674 shares during the period. Virtu Financial LLC purchased a new stake in BlackRock MuniVest Fund in the 3rd quarter worth $218,000. Finally, Benjamin Edwards Inc. acquired a new position in BlackRock MuniVest Fund during the third quarter worth $160,000. 48.16% of the stock is owned by hedge funds and other institutional investors.

BlackRock MuniVest Fund Stock Up 0.4 %

MVF opened at $7.18 on Friday. The firm’s fifty day simple moving average is $7.25 and its two-hundred day simple moving average is $7.36. BlackRock MuniVest Fund, Inc. has a 52-week low of $6.73 and a 52-week high of $7.64.

BlackRock MuniVest Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, February 3rd. Investors of record on Wednesday, January 15th will be issued a $0.036 dividend. This represents a $0.43 annualized dividend and a yield of 6.02%. The ex-dividend date of this dividend is Wednesday, January 15th.

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.