Mackay Shields LLC Purchases Shares of 44,425 BlackRock MuniVest Fund, Inc. (NYSE:MVF)

Mackay Shields LLC purchased a new stake in shares of BlackRock MuniVest Fund, Inc. (NYSE:MVF) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 44,425 shares of the company’s stock, valued at approximately $316,000. Mackay Shields LLC owned approximately 0.07% of BlackRock MuniVest Fund at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Karpus Management Inc. increased its stake in shares of BlackRock MuniVest Fund by 8.3% in the third quarter. Karpus Management Inc. now owns 7,353,043 shares of the company’s stock worth $44,559,000 after acquiring an additional 565,205 shares during the period. Allspring Global Investments Holdings LLC increased its stake in shares of BlackRock MuniVest Fund by 57.8% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,251,877 shares of the company’s stock worth $8,913,000 after acquiring an additional 458,564 shares during the period. Fiera Capital Corp grew its position in BlackRock MuniVest Fund by 2.3% during the third quarter. Fiera Capital Corp now owns 841,388 shares of the company’s stock valued at $5,099,000 after buying an additional 18,885 shares during the period. Saba Capital Management L.P. grew its position in BlackRock MuniVest Fund by 37.8% during the third quarter. Saba Capital Management L.P. now owns 545,041 shares of the company’s stock valued at $3,303,000 after buying an additional 149,589 shares during the period. Finally, Advisor Partners II LLC acquired a new stake in BlackRock MuniVest Fund during the third quarter valued at $2,850,000. Institutional investors and hedge funds own 48.16% of the company’s stock.

BlackRock MuniVest Fund Stock Down 0.1 %

MVF stock traded down $0.01 during midday trading on Thursday, hitting $6.79. 444,703 shares of the stock traded hands, compared to its average volume of 162,396. The stock’s fifty day simple moving average is $6.97 and its 200-day simple moving average is $6.79. BlackRock MuniVest Fund, Inc. has a 1-year low of $5.85 and a 1-year high of $7.19.

BlackRock MuniVest Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, May 1st. Investors of record on Monday, April 15th will be given a dividend of $0.03 per share. The ex-dividend date of this dividend is Friday, April 12th. This represents a $0.36 annualized dividend and a yield of 5.30%.

BlackRock MuniVest Fund Company 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.