BlackRock MuniVest Fund II, Inc. (NYSE:MVT – Get Free Report) announced a monthly dividend on Friday, November 17th, Wall Street Journal reports. Investors of record on Thursday, February 15th will be paid a dividend of 0.0505 per share by the financial services provider on Friday, March 1st. This represents a $0.61 annualized dividend and a yield of 5.63%. The ex-dividend date of this dividend is Wednesday, February 14th.
BlackRock MuniVest Fund II Price Performance
Shares of NYSE MVT opened at $10.76 on Monday. The firm has a fifty day moving average of $10.72 and a 200 day moving average of $10.17. BlackRock MuniVest Fund II has a one year low of $8.96 and a one year high of $11.21.
Institutional Investors Weigh In On BlackRock MuniVest Fund II
Several institutional investors and hedge funds have recently added to or reduced their stakes in MVT. B. Riley Wealth Advisors Inc. purchased a new stake in BlackRock MuniVest Fund II in the 3rd quarter worth $132,000. Raymond James Financial Services Advisors Inc. increased its holdings in BlackRock MuniVest Fund II by 19.4% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 14,081 shares of the financial services provider’s stock worth $182,000 after acquiring an additional 2,283 shares in the last quarter. Susquehanna International Group LLP purchased a new stake in BlackRock MuniVest Fund II in the 1st quarter worth $192,000. LPL Financial LLC grew 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 worth $208,000 after buying an additional 1,782 shares in the last quarter. Finally, Royal Bank of Canada grew its holdings in shares of BlackRock MuniVest Fund II by 27.5% during the third quarter. Royal Bank of Canada now owns 22,842 shares of the financial services provider’s stock worth $230,000 after buying an additional 4,928 shares in the last quarter. Hedge funds and other institutional investors own 24.31% of the company’s stock.
BlackRock MuniVest Fund II Company Profile
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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