Mackay Shields LLC Sells 96,992 Shares of BlackRock MuniVest Fund, Inc. $MVF

Mackay Shields LLC trimmed its position in shares of BlackRock MuniVest Fund, Inc. (NYSE:MVF) by 7.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,223,865 shares of the company’s stock after selling 96,992 shares during the quarter. Mackay Shields LLC’s holdings in BlackRock MuniVest Fund were worth $8,396,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Geneos Wealth Management Inc. boosted its holdings in shares of BlackRock MuniVest Fund by 88.1% in the 2nd quarter. Geneos Wealth Management Inc. now owns 4,728 shares of the company’s stock worth $31,000 after acquiring an additional 2,215 shares in the last quarter. Ameritas Advisory Services LLC bought a new position in BlackRock MuniVest Fund in the 2nd quarter valued at $33,000. J.W. Cole Advisors Inc. acquired a new position in BlackRock MuniVest Fund in the second quarter worth $94,000. Stratos Wealth Partners LTD. bought a new stake in shares of BlackRock MuniVest Fund during the second quarter worth $120,000. Finally, Realta Investment Advisors acquired a new stake in shares of BlackRock MuniVest Fund in the second quarter valued at $138,000. Institutional investors and hedge funds own 48.16% of the company’s stock.

BlackRock MuniVest Fund Trading Down 0.1%

Shares of NYSE MVF opened at $6.98 on Wednesday. BlackRock MuniVest Fund, Inc. has a 12-month low of $6.43 and a 12-month high of $7.37. The firm’s 50-day simple moving average is $6.92 and its 200 day simple moving average is $6.82.

BlackRock MuniVest Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, March 2nd. Investors of record on Friday, February 6th will be issued a $0.036 dividend. The ex-dividend date of this dividend is Friday, February 6th. This represents a c) dividend on an annualized basis and a dividend yield of 6.2%.

BlackRock MuniVest Fund Company Profile

BlackRock MuniVest Fund, Inc (NYSE: MVF) is an actively managed, closed-end investment company that seeks to provide current income exempt from federal income tax, with a secondary objective of capital appreciation. The Fund primarily invests in investment-grade municipal securities issued by U.S. states, territories, municipalities, agencies and authorities. By focusing on high-quality tax-exempt bonds, the fund aims to deliver a steady stream of federally tax-exempt distributions to its shareholders.

The fund’s portfolio typically includes bonds across a range of maturities and sectors, with an emphasis on intermediate to long-term durations.