MVF Stock Summary and Trading Ideas (Blackrock Munivest | NYSE:MVF)

BlackRock MuniVest Fund, Inc.’s (MVF) (the “Trust”) investment objective is to provide shareholders with as high a level of current income exempt from federal income taxes as is consistent with its investment policies and prudent investment management. The Trust seeks to achieve its investment objective by investing at least 80% of its assets in municipal obligations exempt from federal income taxes (except that the interest may be subject to the federal alternative minimum tax). Under normal market conditions, the Trust primarily invests in long term municipal obligations rated investment grade at the time of investment and in long term municipal obligations with maturities of more than ten years at the time of investment. The Trust may invest up to 20% of its total assets in securities rated below investment grade or deemed equivalent at the time of purchase. The Trust may invest directly in such securities or synthetically through the use of derivatives.

Blackrock Munivest trades on the NYSE stock market under the symbol MVF.

As of May 16, 2024, MVF stock price declined to $7.09 with 262,892 million shares trading.

MVF has a beta of 0.60, meaning it tends to be less sensitive to market movements. MVF has a correlation of 0.33 to the broad based SPY ETF.

MVF has a market cap of $449.83 million. This is considered a Small Cap stock.

In the last 3 years, MVF stock traded as high as $9.90 and as low as $5.85.

MVF has underperformed the market in the last year with a price return of +10.1% while the SPY ETF gained +29.6%. MVF has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +2.0% and +4.6%, respectively, while the SPY returned +5.6% and +5.7%, respectively.

MVF support price is $7.07 and resistance is $7.15 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that MVF stock will trade within this expected range on the day.