BlackRock MuniVest Fund II, Inc. (NYSE:MVT - Get Free Report)'s share price crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $10.22 and traded as low as $10.07. BlackRock MuniVest Fund II shares last traded at $10.09, with a volume of 57,669 shares traded.
BlackRock MuniVest Fund II Stock Up 0.3%
The company's fifty day moving average price is $10.20 and its two-hundred day moving average price is $10.58.
BlackRock MuniVest Fund II Announces Dividend
The business also recently declared a monthly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 13th will be given a dividend of $0.054 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $0.65 annualized dividend and a yield of 6.42%.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of MVT. Catalina Capital Group LLC bought a new stake in shares of BlackRock MuniVest Fund II during the fourth quarter worth approximately $301,000. Van ECK Associates Corp raised its position in shares of BlackRock MuniVest Fund II by 4.7% during the 4th quarter. Van ECK Associates Corp now owns 175,118 shares of the financial services provider's stock valued at $1,847,000 after acquiring an additional 7,866 shares during the last quarter. Scarborough Advisors LLC acquired a new position in shares of BlackRock MuniVest Fund II in the 4th quarter valued at $1,092,000. Callahan Advisors LLC bought a new position in shares of BlackRock MuniVest Fund II in the 4th quarter worth $931,000. Finally, Concurrent Investment Advisors LLC boosted its position in shares of BlackRock MuniVest Fund II by 2.7% in the 4th quarter. Concurrent Investment Advisors LLC now owns 77,100 shares of the financial services provider's stock worth $813,000 after purchasing an additional 2,000 shares during the last quarter. 34.19% of the stock is currently owned by institutional investors.
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.
Further Reading
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