BlackRock MuniVest Fund II, Inc. (NYSE:MVT - Get Free Report) announced a monthly dividend on Wednesday, October 1st. Investors of record on Wednesday, October 15th will be given a dividend of 0.054 per share by the financial services provider on Monday, November 3rd. This represents a c) annualized dividend and a dividend yield of 6.1%. The ex-dividend date is Wednesday, October 15th.
BlackRock MuniVest Fund II Price Performance
Shares of MVT stock traded down $0.03 on Thursday, hitting $10.70. The stock had a trading volume of 91,939 shares, compared to its average volume of 55,059. BlackRock MuniVest Fund II has a 1 year low of $9.71 and a 1 year high of $11.46. The company's 50 day moving average price is $10.37 and its 200-day moving average price is $10.27.
Institutional Investors Weigh In On BlackRock MuniVest Fund II
Institutional investors and hedge funds have recently modified their holdings of the company. Hennion & Walsh Asset Management Inc. acquired a new position in BlackRock MuniVest Fund II during the 1st quarter worth $1,597,000. Advisors Asset Management Inc. grew its stake in BlackRock MuniVest Fund II by 28.5% during the 2nd quarter. Advisors Asset Management Inc. now owns 446,113 shares of the financial services provider's stock worth $4,604,000 after purchasing an additional 98,890 shares in the last quarter. Mackay Shields LLC acquired a new position in BlackRock MuniVest Fund II during the 1st quarter worth $694,000. Karpus Management Inc. grew its stake in BlackRock MuniVest Fund II by 19.5% during the 2nd quarter. Karpus Management Inc. now owns 398,165 shares of the financial services provider's stock worth $4,109,000 after purchasing an additional 65,037 shares in the last quarter. Finally, Thomas J. Herzfeld Advisors Inc. grew its stake in BlackRock MuniVest Fund II by 69.4% during the 1st quarter. Thomas J. Herzfeld Advisors Inc. now owns 73,069 shares of the financial services provider's stock worth $772,000 after purchasing an additional 29,947 shares in the last quarter. Hedge funds and other institutional investors own 34.19% of the company's stock.
About BlackRock MuniVest Fund II
(
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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.
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