AQR Arbitrage LLC cut its holdings in BlackRock MuniVest Fund II, Inc. (NYSE:MVT - Free Report) by 50.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 69,008 shares of the financial services provider's stock after selling 70,102 shares during the period. AQR Arbitrage LLC owned about 0.32% of BlackRock MuniVest Fund II worth $728,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MVT. Advisors Asset Management Inc. increased its position in shares of BlackRock MuniVest Fund II by 85.0% during the fourth quarter. Advisors Asset Management Inc. now owns 294,524 shares of the financial services provider's stock worth $3,107,000 after purchasing an additional 135,318 shares in the last quarter. Scarborough Advisors LLC purchased a new position in shares of BlackRock MuniVest Fund II during the fourth quarter worth approximately $1,092,000. Guggenheim Capital LLC increased its holdings in shares of BlackRock MuniVest Fund II by 26.8% in the 4th quarter. Guggenheim Capital LLC now owns 474,769 shares of the financial services provider's stock valued at $5,009,000 after acquiring an additional 100,383 shares during the period. Callahan Advisors LLC purchased a new stake in BlackRock MuniVest Fund II in the 4th quarter valued at $931,000. Finally, Atala Financial Inc purchased a new position in BlackRock MuniVest Fund II during the 4th quarter worth $737,000. 34.19% of the stock is owned by institutional investors and hedge funds.
BlackRock MuniVest Fund II Price Performance
Shares of MVT traded up $0.08 during mid-day trading on Wednesday, hitting $10.40. 46,849 shares of the company's stock were exchanged, compared to its average volume of 56,455. BlackRock MuniVest Fund II, Inc. has a fifty-two week low of $9.71 and a fifty-two week high of $11.97. The business's 50 day moving average is $10.40 and its two-hundred day moving average is $10.70.
BlackRock MuniVest Fund II Dividend Announcement
The business also recently announced a monthly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Thursday, May 15th will be issued a $0.054 dividend. This represents a $0.65 dividend on an annualized basis and a dividend yield of 6.23%. The ex-dividend date is Thursday, May 15th.
About BlackRock MuniVest Fund II
(
Free Report)
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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