Regatta Capital Group LLC Sells 16,014 Shares of BlackRock MuniVest Fund, Inc. (NYSE:MVF)

Regatta Capital Group LLC reduced its stake in BlackRock MuniVest Fund, Inc. (NYSE:MVF) by 58.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 11,266 shares of the company’s stock after selling 16,014 shares during the quarter. Regatta Capital Group LLC’s holdings in BlackRock MuniVest Fund were worth $86,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Pathway Financial Advisers LLC bought a new stake in BlackRock MuniVest Fund during the first quarter valued at about $59,000. Aviance Capital Partners LLC bought a new stake in BlackRock MuniVest Fund during the first quarter valued at about $74,000. Cetera Advisors LLC bought a new stake in BlackRock MuniVest Fund during the first quarter valued at about $101,000. Nomura Holdings Inc. bought a new stake in BlackRock MuniVest Fund during the fourth quarter valued at about $158,000. Finally, B. Riley Wealth Advisors Inc. raised its holdings in BlackRock MuniVest Fund by 105.4% during the first quarter. B. Riley Wealth Advisors Inc. now owns 22,910 shares of the company’s stock valued at $162,000 after acquiring an additional 11,755 shares during the period. 48.16% of the stock is owned by institutional investors.

BlackRock MuniVest Fund Price Performance

NYSE:MVF opened at $7.50 on Thursday. The business’s 50-day simple moving average is $7.49 and its two-hundred day simple moving average is $7.24. BlackRock MuniVest Fund, Inc. has a 52 week low of $5.85 and a 52 week high of $7.64.

BlackRock MuniVest Fund Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, November 1st. Stockholders of record on Tuesday, October 15th will be issued a $0.036 dividend. This represents a $0.43 annualized dividend and a dividend yield of 5.76%. 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.

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.