Pathstone Holdings LLC raised its stake in BlackRock MuniVest Fund II, Inc. (NYSE:MVT - Free Report) by 42.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 740,813 shares of the financial services provider's stock after acquiring an additional 220,006 shares during the quarter. Pathstone Holdings LLC owned approximately 3.49% of BlackRock MuniVest Fund II worth $7,834,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in MVT. Wolverine Asset Management LLC increased its position in BlackRock MuniVest Fund II by 573.8% during the 4th quarter. Wolverine Asset Management LLC now owns 11,063 shares of the financial services provider's stock worth $117,000 after purchasing an additional 9,421 shares in the last quarter. Landscape Capital Management L.L.C. acquired a new position in shares of BlackRock MuniVest Fund II during the fourth quarter worth $119,000. Avior Wealth Management LLC increased its holdings in shares of BlackRock MuniVest Fund II by 15.9% during the fourth quarter. Avior Wealth Management LLC now owns 12,959 shares of the financial services provider's stock worth $137,000 after buying an additional 1,775 shares in the last quarter. Freestone Capital Holdings LLC lifted its stake in shares of BlackRock MuniVest Fund II by 13.0% in the 4th quarter. Freestone Capital Holdings LLC now owns 22,600 shares of the financial services provider's stock valued at $238,000 after acquiring an additional 2,600 shares during the last quarter. Finally, Hollencrest Capital Management acquired a new stake in shares of BlackRock MuniVest Fund II during the 4th quarter valued at $263,000. 34.19% of the stock is currently owned by institutional investors and hedge funds.
BlackRock MuniVest Fund II Price Performance
MVT remained flat at $10.09 on Thursday. The company's stock had a trading volume of 20,755 shares, compared to its average volume of 56,601. The firm's fifty day moving average price is $10.30 and its 200-day moving average price is $10.64. BlackRock MuniVest Fund II, Inc. has a fifty-two week low of $9.71 and a fifty-two week high of $11.97.
BlackRock MuniVest Fund II Dividend Announcement
The firm also recently disclosed a monthly dividend, which will be paid on Monday, June 2nd. Investors of record on Thursday, May 15th will be paid a $0.054 dividend. The ex-dividend date is Thursday, May 15th. This represents a $0.65 annualized dividend and a dividend yield of 6.42%.
BlackRock MuniVest Fund II Company Profile
(
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.
See Also
Before you consider BlackRock MuniVest Fund II, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and BlackRock MuniVest Fund II wasn't on the list.
While BlackRock MuniVest Fund II currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
