Logan Stone Capital LLC Increases Stake in BlackRock MuniVest Fund II, Inc. (NYSE:MVT)

Logan Stone Capital LLC lifted its stake in shares of BlackRock MuniVest Fund II, Inc. (NYSE:MVT - Free Report) by 67.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 258,989 shares of the financial services provider's stock after purchasing an additional 103,996 shares during the quarter. BlackRock MuniVest Fund II comprises about 0.9% of Logan Stone Capital LLC's investment portfolio, making the stock its 16th largest position. Logan Stone Capital LLC owned approximately 1.22% of BlackRock MuniVest Fund II worth $2,732,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Avior Wealth Management LLC grew its stake 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. Concurrent Investment Advisors LLC grew its stake in 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 valued at $813,000 after acquiring an additional 2,000 shares during the last quarter. Freestone Capital Holdings LLC grew its stake in BlackRock MuniVest Fund II by 13.0% in the 4th quarter. Freestone Capital Holdings LLC now owns 22,600 shares of the financial services provider's stock valued at $238,000 after acquiring an additional 2,600 shares during the last quarter. HighTower Advisors LLC grew its stake in BlackRock MuniVest Fund II by 9.6% in the 4th quarter. HighTower Advisors LLC now owns 30,095 shares of the financial services provider's stock valued at $318,000 after acquiring an additional 2,645 shares during the last quarter. Finally, Cohen & Steers Inc. grew its stake in 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 valued at $612,000 after acquiring an additional 3,000 shares during the last quarter. 34.19% of the stock is owned by institutional investors and hedge funds.

BlackRock MuniVest Fund II Price Performance

NYSE MVT traded down $0.02 during trading hours on Friday, reaching $10.30. The company's stock had a trading volume of 15,382 shares, compared to its average volume of 56,663. BlackRock MuniVest Fund II, Inc. has a fifty-two week low of $9.71 and a fifty-two week high of $11.97. The company's 50-day moving average is $10.32 and its two-hundred day moving average is $10.66.

BlackRock MuniVest Fund II Announces Dividend

The company 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 $0.054 dividend. 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 6.29%.

About BlackRock MuniVest Fund II

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.