Allianz Asset Management GmbH Cuts Position in BlackRock MuniVest Fund, Inc. $MVF

Allianz Asset Management GmbH lessened its position in shares of BlackRock MuniVest Fund, Inc. (NYSE:MVF) by 7.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 350,449 shares of the company’s stock after selling 26,421 shares during the quarter. Allianz Asset Management GmbH’s holdings in BlackRock MuniVest Fund were worth $2,306,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Sit Investment Associates Inc. grew its holdings in BlackRock MuniVest Fund by 6.5% during the 1st quarter. Sit Investment Associates Inc. now owns 1,043,379 shares of the company’s stock valued at $7,314,000 after buying an additional 63,749 shares in the last quarter. Raymond James Financial Inc. grew its holdings in BlackRock MuniVest Fund by 13.1% during the 1st quarter. Raymond James Financial Inc. now owns 799,908 shares of the company’s stock valued at $5,607,000 after buying an additional 92,756 shares in the last quarter. Invesco Ltd. grew its holdings in BlackRock MuniVest Fund by 22.7% during the 1st quarter. Invesco Ltd. now owns 284,350 shares of the company’s stock valued at $1,993,000 after buying an additional 52,587 shares in the last quarter. Guggenheim Capital LLC grew its holdings in BlackRock MuniVest Fund by 16.1% during the 1st quarter. Guggenheim Capital LLC now owns 1,320,597 shares of the company’s stock valued at $9,257,000 after buying an additional 182,752 shares in the last quarter. Finally, Oppenheimer & Co. Inc. purchased a new position in BlackRock MuniVest Fund during the 1st quarter valued at approximately $109,000. Hedge funds and other institutional investors own 48.16% of the company’s stock.

BlackRock MuniVest Fund Stock Performance

NYSE MVF opened at $7.06 on Friday. The business has a 50 day simple moving average of $6.85 and a two-hundred day simple moving average of $6.73. BlackRock MuniVest Fund, Inc. has a 1-year low of $6.43 and a 1-year high of $7.57.

BlackRock MuniVest Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, November 3rd. Stockholders of record on Wednesday, October 15th will be issued a $0.036 dividend. The ex-dividend date is Wednesday, October 15th. This represents a c) dividend on an annualized basis and a dividend yield of 6.1%.

Insider Activity at BlackRock MuniVest Fund

In other news, Portfolio Manager Phillip Soccio sold 5,562 shares of BlackRock MuniVest Fund stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $6.53, for a total value of $36,319.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.00% of the company’s stock.

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.