BlackRock MuniVest Fund II, Inc. (NYSE:MVT – Get Free Report) declared a monthly dividend on Wednesday, September 6th, Wall Street Journal reports. Investors of record on Friday, September 15th will be paid a dividend of 0.0315 per share by the financial services provider on Monday, October 2nd. This represents a $0.38 annualized dividend and a yield of 3.75%. The ex-dividend date is Thursday, September 14th.
BlackRock MuniVest Fund II Stock Performance
Shares of NYSE MVT opened at $10.09 on Thursday. The business has a fifty day simple moving average of $10.42 and a 200 day simple moving average of $10.49. BlackRock MuniVest Fund II has a one year low of $9.51 and a one year high of $11.33.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the business. B. Riley Wealth Advisors Inc. acquired a new stake in BlackRock MuniVest Fund II during the third quarter valued at approximately $132,000. Raymond James Financial Services Advisors Inc. grew its position in BlackRock MuniVest Fund II by 19.4% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 14,081 shares of the financial services provider’s stock valued at $182,000 after acquiring an additional 2,283 shares during the period. Susquehanna International Group LLP acquired a new position in BlackRock MuniVest Fund II during the first quarter worth $192,000. LPL Financial LLC lifted its holdings in shares of BlackRock MuniVest Fund II by 9.9% during the fourth quarter. LPL Financial LLC now owns 19,872 shares of the financial services provider’s stock valued at $208,000 after acquiring an additional 1,782 shares during the period. Finally, Royal Bank of Canada boosted its stake in shares of BlackRock MuniVest Fund II by 27.5% in the 3rd quarter. Royal Bank of Canada now owns 22,842 shares of the financial services provider’s stock valued at $230,000 after purchasing an additional 4,928 shares in the last quarter. Institutional investors and hedge funds own 24.31% of the company’s stock.
About BlackRock MuniVest Fund II
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.
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