Sit Investment Associates Inc. Has $6.90 Million Stock Position in BlackRock MuniVest Fund, Inc. (NYSE:MVF)

Sit Investment Associates Inc. raised its holdings in shares of BlackRock MuniVest Fund, Inc. (NYSE:MVF) by 318.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 979,630 shares of the company’s stock after acquiring an additional 745,558 shares during the quarter. Sit Investment Associates Inc.’s holdings in BlackRock MuniVest Fund were worth $6,897,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MVF. Raymond James Financial Inc. acquired a new stake in BlackRock MuniVest Fund in the 4th quarter valued at $4,978,000. Park Avenue Securities LLC increased its position in shares of BlackRock MuniVest Fund by 7.3% in the fourth quarter. Park Avenue Securities LLC now owns 140,206 shares of the company’s stock valued at $987,000 after acquiring an additional 9,537 shares during the last quarter. HighTower Advisors LLC bought a new stake in BlackRock MuniVest Fund during the fourth quarter worth about $423,000. Hennion & Walsh Asset Management Inc. boosted its position in BlackRock MuniVest Fund by 80.5% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 38,977 shares of the company’s stock valued at $274,000 after purchasing an additional 17,383 shares during the last quarter. Finally, Janney Montgomery Scott LLC grew its stake in BlackRock MuniVest Fund by 21.8% in the fourth quarter. Janney Montgomery Scott LLC now owns 28,471 shares of the company’s stock valued at $200,000 after purchasing an additional 5,095 shares in the last quarter. 48.16% of the stock is currently owned by institutional investors and hedge funds.

BlackRock MuniVest Fund Price Performance

NYSE MVF opened at $7.01 on Friday. BlackRock MuniVest Fund, Inc. has a 12 month low of $6.74 and a 12 month high of $7.64. The stock has a 50 day moving average of $7.18 and a 200-day moving average of $7.28.

BlackRock MuniVest Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Tuesday, April 15th will be given a $0.036 dividend. This represents a $0.43 dividend on an annualized basis and a dividend yield of 6.16%. The ex-dividend date is Tuesday, April 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.