BlackRock MuniVest Fund II, Inc. $MVT Shares Sold by Ackerman Capital Advisors LLC

Key Points

• Ackerman Capital Advisors LLC reduced its stake in BlackRock MuniVest Fund II, Inc. (NYSE:MVT) by 26.7%, holding 109,184 shares valued at approximately $1.1 million after selling 39,740 shares during the second quarter.
• Other institutional investors like Mackay Shields LLC, Advisors Asset Management Inc., and Thomas J. Herzfeld Advisors Inc. have recently adjusted their positions, showcasing a mixed sentiment towards the fund.
• The fund announced a monthly dividend of $0.054 per share, with an annualized yield of 6.0%, to be paid on November 3rd to investors of record by October 15th.

Ackerman Capital Advisors LLC cut its holdings in BlackRock MuniVest Fund II, Inc. (NYSE:MVT - Free Report) by 26.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 109,184 shares of the financial services provider's stock after selling 39,740 shares during the quarter. Ackerman Capital Advisors LLC's holdings in BlackRock MuniVest Fund II were worth $1,127,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Mackay Shields LLC acquired a new stake in BlackRock MuniVest Fund II in the 1st quarter worth about $694,000. Advisors Asset Management Inc. lifted its position in shares of BlackRock MuniVest Fund II by 17.9% during the first quarter. Advisors Asset Management Inc. now owns 347,223 shares of the financial services provider's stock worth $3,670,000 after purchasing an additional 52,699 shares in the last quarter. Thomas J. Herzfeld Advisors Inc. boosted its stake in shares of BlackRock MuniVest Fund II by 69.4% in the first quarter. Thomas J. Herzfeld Advisors Inc. now owns 73,069 shares of the financial services provider's stock valued at $772,000 after purchasing an additional 29,947 shares during the period. Plancorp LLC purchased a new stake in BlackRock MuniVest Fund II during the 1st quarter worth $211,000. Finally, Sit Investment Associates Inc. lifted its holdings in BlackRock MuniVest Fund II by 6.3% in the 1st quarter. Sit Investment Associates Inc. now owns 332,205 shares of the financial services provider's stock worth $3,511,000 after buying an additional 19,692 shares in the last quarter. Institutional investors and hedge funds own 34.19% of the company's stock.

BlackRock MuniVest Fund II Stock Performance

Shares of NYSE:MVT opened at $10.80 on Friday. BlackRock MuniVest Fund II, Inc. has a 12-month low of $9.71 and a 12-month high of $11.39. The company has a fifty day simple moving average of $10.46 and a 200 day simple moving average of $10.27.

BlackRock MuniVest Fund II Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, November 3rd. Investors of record on Wednesday, October 15th will be given a dividend of $0.054 per share. This represents a c) dividend on an annualized basis and a dividend yield of 6.0%. The ex-dividend date of this dividend is Wednesday, October 15th.

BlackRock MuniVest Fund II Company Profile

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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