Guggenheim Capital LLC increased its stake in BlackRock MuniVest Fund II, Inc. (NYSE:MVT - Free Report) by 26.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 474,769 shares of the financial services provider's stock after acquiring an additional 100,383 shares during the quarter. Guggenheim Capital LLC owned approximately 2.24% of BlackRock MuniVest Fund II worth $5,009,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of the stock. Cohen & Steers Inc. grew its holdings in shares of BlackRock MuniVest Fund II by 5.5% in the 4th quarter. Cohen & Steers Inc. now owns 58,000 shares of the financial services provider's stock worth $612,000 after acquiring an additional 3,000 shares during the last quarter. Rockefeller Capital Management L.P. raised its position in BlackRock MuniVest Fund II by 131.5% during the fourth quarter. Rockefeller Capital Management L.P. now owns 90,755 shares of the financial services provider's stock valued at $957,000 after acquiring an additional 51,548 shares in the last quarter. Raymond James Financial Inc. bought a new position in BlackRock MuniVest Fund II during the fourth quarter valued at approximately $409,000. Invesco Ltd. raised its position in BlackRock MuniVest Fund II by 12.9% during the fourth quarter. Invesco Ltd. now owns 192,106 shares of the financial services provider's stock valued at $2,027,000 after acquiring an additional 21,978 shares in the last quarter. Finally, Sit Investment Associates Inc. raised its position in BlackRock MuniVest Fund II by 23.2% during the fourth quarter. Sit Investment Associates Inc. now owns 312,513 shares of the financial services provider's stock valued at $3,297,000 after acquiring an additional 58,782 shares in the last quarter. 34.19% of the stock is currently owned by institutional investors and hedge funds.
BlackRock MuniVest Fund II Price Performance
MVT traded up $0.15 during midday trading on Thursday, hitting $10.10. 28,684 shares of the company's stock traded hands, compared to its average volume of 55,182. The stock's fifty day simple moving average is $10.52 and its 200-day simple moving average is $10.77. BlackRock MuniVest Fund II, Inc. has a one year low of $9.71 and a one year high of $11.97.
BlackRock MuniVest Fund II Announces Dividend
The company also recently declared a monthly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Tuesday, April 15th will be given a $0.054 dividend. This represents a $0.65 dividend on an annualized basis and a dividend yield of 6.42%. The ex-dividend date of this dividend is Tuesday, April 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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