Mackay Shields LLC Lowers Stock Holdings in BlackRock MuniVest Fund, Inc. (NYSE:MVF)

Mackay Shields LLC lowered its stake in shares of BlackRock MuniVest Fund, Inc. (NYSE:MVF) by 3.5% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,534,563 shares of the company’s stock after selling 55,183 shares during the period. Mackay Shields LLC’s holdings in BlackRock MuniVest Fund were worth $10,803,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in MVF. Raymond James & Associates lifted its position in BlackRock MuniVest Fund by 1.6% in the third quarter. Raymond James & Associates now owns 356,787 shares of the company’s stock valued at $2,712,000 after purchasing an additional 5,504 shares during the period. Capital Investment Advisors LLC lifted its position in BlackRock MuniVest Fund by 3.7% in the fourth quarter. Capital Investment Advisors LLC now owns 352,899 shares of the company’s stock valued at $2,484,000 after purchasing an additional 12,674 shares during the period. Leo Wealth LLC lifted its position in BlackRock MuniVest Fund by 1.7% in the fourth quarter. Leo Wealth LLC now owns 307,617 shares of the company’s stock valued at $2,166,000 after purchasing an additional 5,283 shares during the period. Indiana Trust & Investment Management Co lifted its position in BlackRock MuniVest Fund by 1.4% in the fourth quarter. Indiana Trust & Investment Management Co now owns 149,520 shares of the company’s stock valued at $1,053,000 after purchasing an additional 2,020 shares during the period. Finally, Park Avenue Securities LLC lifted its position in 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 purchasing an additional 9,537 shares during the period. Hedge funds and other institutional investors own 48.16% of the company’s stock.

BlackRock MuniVest Fund Stock Performance

Shares of NYSE:MVF opened at $7.28 on Friday. BlackRock MuniVest Fund, Inc. has a 52 week low of $6.74 and a 52 week high of $7.64. The company has a 50-day moving average price of $7.18 and a 200 day moving average price of $7.35.

BlackRock MuniVest Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 3rd. Investors of record on Friday, February 14th will be given a $0.036 dividend. The ex-dividend date is Friday, February 14th. This represents a $0.43 dividend on an annualized basis and a yield of 5.93%.

About BlackRock MuniVest Fund

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.