Leo Wealth LLC Purchases 29,607 Shares of BlackRock MuniVest Fund, Inc. (NYSE:MVF)

Leo Wealth LLC increased its holdings in shares of BlackRock MuniVest Fund, Inc. (NYSE:MVF) by 10.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 302,334 shares of the company’s stock after acquiring an additional 29,607 shares during the period. Leo Wealth LLC’s holdings in BlackRock MuniVest Fund were worth $2,298,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Cetera Advisors LLC bought a new position in BlackRock MuniVest Fund in the 1st quarter worth approximately $101,000. Rothschild Investment LLC bought a new position in BlackRock MuniVest Fund in the 2nd quarter worth approximately $955,000. B. Riley Wealth Advisors Inc. raised its position in BlackRock MuniVest Fund by 105.4% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 22,910 shares of the company’s stock worth $162,000 after purchasing an additional 11,755 shares during the last quarter. Aviance Capital Partners LLC bought a new position in BlackRock MuniVest Fund in the 1st quarter worth approximately $74,000. Finally, Dakota Wealth Management raised its position in BlackRock MuniVest Fund by 11.2% in the 2nd quarter. Dakota Wealth Management now owns 262,746 shares of the company’s stock worth $1,884,000 after purchasing an additional 26,475 shares during the last quarter. Institutional investors own 48.16% of the company’s stock.

BlackRock MuniVest Fund Stock Performance

Shares of BlackRock MuniVest Fund stock traded down $0.14 on Tuesday, hitting $7.43. 130,591 shares of the company’s stock traded hands, compared to its average volume of 125,584. The firm’s 50-day moving average price is $7.50 and its two-hundred day moving average price is $7.25. BlackRock MuniVest Fund, Inc. has a one year low of $5.85 and a one year high of $7.64.

BlackRock MuniVest Fund Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 15th will be given a dividend of $0.036 per share. This is a boost from BlackRock MuniVest Fund’s previous monthly dividend of $0.03. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $0.43 annualized dividend and a dividend yield of 5.81%.

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.