Van ECK Associates Corp Purchases 29,501 Shares of BlackRock MuniVest Fund II, Inc. (NYSE:MVT)

Van ECK Associates Corp increased its stake in BlackRock MuniVest Fund II, Inc. (NYSE:MVT – Get Rating) by 37.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 108,723 shares of the financial services provider’s stock after purchasing an additional 29,501 shares during the quarter. Van ECK Associates Corp owned approximately 0.51% of BlackRock MuniVest Fund II worth $1,097,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. Raymond James Financial Services Advisors Inc. raised its holdings in shares of BlackRock MuniVest Fund II by 2.8% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 199,553 shares of the financial services provider’s stock worth $2,014,000 after purchasing an additional 5,449 shares during the period. Bramshill Investments LLC bought a new stake in shares of BlackRock MuniVest Fund II in the 2nd quarter worth approximately $82,000. LPL Financial LLC raised its holdings in shares of BlackRock MuniVest Fund II by 123.0% in the 2nd quarter. LPL Financial LLC now owns 23,515 shares of the financial services provider’s stock worth $267,000 after purchasing an additional 12,969 shares during the period. UBS Group AG raised its holdings in shares of BlackRock MuniVest Fund II by 11.7% in the 2nd quarter. UBS Group AG now owns 87,059 shares of the financial services provider’s stock worth $989,000 after purchasing an additional 9,097 shares during the period. Finally, Moors & Cabot Inc. raised its holdings in shares of BlackRock MuniVest Fund II by 8.7% in the 2nd quarter. Moors & Cabot Inc. now owns 12,500 shares of the financial services provider’s stock worth $142,000 after purchasing an additional 1,000 shares during the period.

BlackRock MuniVest Fund II Stock Down 0.4 %

NYSE:MVT opened at $10.96 on Monday. The firm’s 50 day moving average is $10.53 and its 200 day moving average is $10.83. BlackRock MuniVest Fund II, Inc. has a 12 month low of $9.51 and a 12 month high of $15.80.

BlackRock MuniVest Fund II Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, February 1st. Investors of record on Friday, January 13th will be issued a $0.0355 dividend. The ex-dividend date of this dividend is Thursday, January 12th. This represents a $0.43 dividend on an annualized basis and a dividend yield of 3.89%.

BlackRock MuniVest Fund II Profile

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BlackRock MuniVest Fund II, Inc is a closed ended fixed income mutual fund launched by BlackRock, Inc It is managed by BlackRock Advisors, LLC. The fund invests in fixed income markets. It invests primarily in long-term municipal bonds exempt from federal income taxes. BlackRock MuniVest Fund II, Inc was formed on March 29, 1993 and is domiciled in United States.