BlackRock MuniVest Fund II, Inc. (NYSE:MVT - Get Free Report) declared a monthly dividend on Monday, April 1st, Wall Street Journal reports. Stockholders of record on Monday, April 15th will be given a dividend of 0.0505 per share by the financial services provider on Wednesday, May 1st. This represents a $0.61 annualized dividend and a dividend yield of 5.67%. The ex-dividend date of this dividend is Friday, April 12th.
BlackRock MuniVest Fund II Stock Down 0.5 %
Shares of BlackRock MuniVest Fund II stock traded down $0.05 on Wednesday, hitting $10.68. The company had a trading volume of 79,049 shares, compared to its average volume of 47,973. BlackRock MuniVest Fund II has a twelve month low of $8.96 and a twelve month high of $11.17. The stock has a 50-day moving average of $10.82 and a 200-day moving average of $10.34.
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in MVT. Raymond James & Associates boosted its holdings in BlackRock MuniVest Fund II by 24.9% during the first quarter. Raymond James & Associates now owns 48,376 shares of the financial services provider's stock worth $625,000 after purchasing an additional 9,656 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its holdings in BlackRock MuniVest Fund II by 19.4% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 14,081 shares of the financial services provider's stock worth $182,000 after purchasing an additional 2,283 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its holdings in BlackRock MuniVest Fund II by 71.2% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 35,370 shares of the financial services provider's stock worth $457,000 after purchasing an additional 14,715 shares during the last quarter. HighTower Advisors LLC acquired a new position in BlackRock MuniVest Fund II during the first quarter worth $316,000. Finally, Invesco Ltd. raised its position in BlackRock MuniVest Fund II by 19.3% during the first quarter. Invesco Ltd. now owns 205,239 shares of the financial services provider's stock worth $2,650,000 after acquiring an additional 33,272 shares in the last quarter. Institutional investors and hedge funds own 34.19% of the company's stock.
BlackRock MuniVest Fund II Company Profile
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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.
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