Hennion & Walsh Asset Management Inc. purchased a new position in shares of BlackRock MuniVest Fund II, Inc. (NYSE:MVT - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 151,135 shares of the financial services provider's stock, valued at approximately $1,597,000. Hennion & Walsh Asset Management Inc. owned about 0.71% of BlackRock MuniVest Fund II at the end of the most recent quarter.
A number of other institutional investors also recently bought and sold shares of MVT. Wolverine Asset Management LLC raised 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 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 worth approximately $119,000. Freestone Capital Holdings LLC raised its position in BlackRock MuniVest Fund II by 13.0% during the 4th quarter. Freestone Capital Holdings LLC now owns 22,600 shares of the financial services provider's stock worth $238,000 after buying an additional 2,600 shares during the last quarter. Hollencrest Capital Management acquired a new position in shares of BlackRock MuniVest Fund II in the 4th quarter valued at about $263,000. Finally, Commonwealth Equity Services LLC lifted its holdings in shares of BlackRock MuniVest Fund II by 146.0% in the 4th quarter. Commonwealth Equity Services LLC now owns 28,960 shares of the financial services provider's stock valued at $306,000 after buying an additional 17,189 shares during the period. 34.19% of the stock is owned by hedge funds and other institutional investors.
BlackRock MuniVest Fund II Stock Performance
Shares of MVT stock traded up $0.09 on Monday, hitting $10.11. The company had a trading volume of 86,499 shares, compared to its average volume of 57,743. The company has a 50-day moving average price of $10.16 and a 200-day moving average price of $10.56. BlackRock MuniVest Fund II, Inc. has a twelve month low of $9.71 and a twelve month high of $11.97.
BlackRock MuniVest Fund II Announces Dividend
The business also recently disclosed a monthly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, June 13th will be issued a $0.054 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $0.65 annualized dividend and a dividend yield of 6.41%.
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.
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