Advisors Asset Management Inc. Boosts Holdings in BlackRock MuniVest Fund II, Inc. (NYSE:MVT)

Advisors Asset Management Inc. boosted its position in shares of BlackRock MuniVest Fund II, Inc. (NYSE:MVT) by 65.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 159,206 shares of the financial services provider’s stock after acquiring an additional 62,895 shares during the period. Advisors Asset Management Inc. owned 0.75% of BlackRock MuniVest Fund II worth $1,813,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MVT. Blue Bell Private Wealth Management LLC bought a new stake in BlackRock MuniVest Fund II during the 2nd quarter worth approximately $27,000. EverSource Wealth Advisors LLC raised its position in shares of BlackRock MuniVest Fund II by 204.0% during the second quarter. EverSource Wealth Advisors LLC now owns 6,333 shares of the financial services provider’s stock valued at $70,000 after buying an additional 4,250 shares during the last quarter. Wolverine Asset Management LLC raised its position in shares of BlackRock MuniVest Fund II by 268.7% during the second quarter. Wolverine Asset Management LLC now owns 6,637 shares of the financial services provider’s stock valued at $73,000 after buying an additional 4,837 shares during the last quarter. B. Riley Wealth Advisors Inc. bought a new stake in shares of BlackRock MuniVest Fund II during the first quarter valued at approximately $123,000. Finally, Avior Wealth Management LLC raised its position in shares of BlackRock MuniVest Fund II by 17.8% during the third quarter. Avior Wealth Management LLC now owns 11,184 shares of the financial services provider’s stock valued at $127,000 after buying an additional 1,689 shares during the last quarter. Institutional investors own 34.19% of the company’s stock.

BlackRock MuniVest Fund II Stock Performance

Shares of MVT opened at $10.94 on Monday. The company’s fifty day moving average is $11.19 and its 200 day moving average is $11.05. BlackRock MuniVest Fund II, Inc. has a fifty-two week low of $10.14 and a fifty-two week high of $11.97.

BlackRock MuniVest Fund II Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be given a $0.054 dividend. This represents a $0.65 annualized dividend and a yield of 5.92%. The ex-dividend date is Friday, November 15th.

BlackRock MuniVest Fund II 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.