Saba Capital Management L.P. decreased its stake in BlackRock MuniVest Fund II, Inc. (NYSE:MVT - Free Report) by 34.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 180,033 shares of the financial services provider's stock after selling 92,721 shares during the quarter. Saba Capital Management L.P. owned about 0.85% of BlackRock MuniVest Fund II worth $1,899,000 at the end of the most recent reporting period.
Several other large investors have also recently modified their holdings of MVT. Wolverine Asset Management LLC grew its stake in shares of BlackRock MuniVest Fund II by 573.8% during the fourth quarter. Wolverine Asset Management LLC now owns 11,063 shares of the financial services provider's stock valued at $117,000 after buying an additional 9,421 shares during the last quarter. Landscape Capital Management L.L.C. purchased a new position in BlackRock MuniVest Fund II during the 4th quarter valued at $119,000. Avior Wealth Management LLC grew its position in BlackRock MuniVest Fund II by 15.9% in the 4th quarter. Avior Wealth Management LLC now owns 12,959 shares of the financial services provider's stock valued at $137,000 after acquiring an additional 1,775 shares during the last quarter. Freestone Capital Holdings LLC increased its stake in BlackRock MuniVest Fund II by 13.0% in the fourth quarter. Freestone Capital Holdings LLC now owns 22,600 shares of the financial services provider's stock worth $238,000 after purchasing an additional 2,600 shares during the period. Finally, Hollencrest Capital Management bought a new stake in shares of BlackRock MuniVest Fund II during the fourth quarter worth $263,000. Institutional investors own 34.19% of the company's stock.
BlackRock MuniVest Fund II Price Performance
MVT stock traded up $0.01 during mid-day trading on Thursday, reaching $10.10. The company had a trading volume of 27,081 shares, compared to its average volume of 56,619. The firm has a 50 day moving average of $10.30 and a 200 day moving average of $10.64. BlackRock MuniVest Fund II, Inc. has a 12 month low of $9.71 and a 12 month high of $11.97.
BlackRock MuniVest Fund II Dividend Announcement
The business also recently announced a monthly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Thursday, May 15th will be issued a dividend of $0.054 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $0.65 dividend on an annualized basis and a yield of 6.42%.
BlackRock MuniVest Fund II 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.
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