Allianz Asset Management GmbH Sells 26,421 Shares of BlackRock MuniVest Fund, Inc. $MVF

Allianz Asset Management GmbH decreased its position in BlackRock MuniVest Fund, Inc. (NYSE:MVF) by 7.0% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 350,449 shares of the company’s stock after selling 26,421 shares during the quarter. Allianz Asset Management GmbH owned approximately 0.58% of BlackRock MuniVest Fund worth $2,306,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of MVF. Guggenheim Capital LLC increased its position in BlackRock MuniVest Fund by 16.1% in the first quarter. Guggenheim Capital LLC now owns 1,320,597 shares of the company’s stock worth $9,257,000 after buying an additional 182,752 shares in the last quarter. Raymond James Financial Inc. increased its position in BlackRock MuniVest Fund by 13.1% in the first quarter. Raymond James Financial Inc. now owns 799,908 shares of the company’s stock worth $5,607,000 after buying an additional 92,756 shares in the last quarter. Leo Wealth LLC increased its position in BlackRock MuniVest Fund by 32.7% in the second quarter. Leo Wealth LLC now owns 322,826 shares of the company’s stock worth $2,124,000 after buying an additional 79,510 shares in the last quarter. Sit Investment Associates Inc. increased its position in BlackRock MuniVest Fund by 6.5% in the first quarter. Sit Investment Associates Inc. now owns 1,043,379 shares of the company’s stock worth $7,314,000 after buying an additional 63,749 shares in the last quarter. Finally, Invesco Ltd. increased its position in BlackRock MuniVest Fund by 22.7% in the first quarter. Invesco Ltd. now owns 284,350 shares of the company’s stock worth $1,993,000 after buying an additional 52,587 shares in the last quarter. Hedge funds and other institutional investors own 48.16% of the company’s stock.

Insider Transactions at BlackRock MuniVest Fund

In related 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 transaction of $36,319.86. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 1.00% of the company’s stock.

BlackRock MuniVest Fund Stock Performance

Shares of 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 52 week low of $6.43 and a 52 week high of $7.57.

BlackRock MuniVest Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, November 3rd. Investors of record on Wednesday, October 15th will be paid a dividend of $0.036 per share. This represents a c) annualized dividend and a yield of 6.1%. The ex-dividend date of this dividend is Wednesday, October 15th.

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.