Raymond James Financial Inc. acquired a new stake in BlackRock MuniVest Fund II, Inc. (NYSE:MVT - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 38,770 shares of the financial services provider's stock, valued at approximately $409,000. Raymond James Financial Inc. owned approximately 0.18% of BlackRock MuniVest Fund II at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Advisors Asset Management Inc. boosted its stake in shares of BlackRock MuniVest Fund II by 85.0% during the 4th quarter. Advisors Asset Management Inc. now owns 294,524 shares of the financial services provider's stock worth $3,107,000 after buying an additional 135,318 shares during the last quarter. Scarborough Advisors LLC bought a new stake in BlackRock MuniVest Fund II during the fourth quarter worth about $1,092,000. Callahan Advisors LLC acquired a new position in BlackRock MuniVest Fund II during the fourth quarter valued at approximately $931,000. Atala Financial Inc bought a new position in BlackRock MuniVest Fund II in the fourth quarter valued at approximately $737,000. Finally, Noble Wealth Management PBC acquired a new stake in BlackRock MuniVest Fund II in the 4th quarter valued at about $731,000. 34.19% of the stock is owned by institutional investors and hedge funds.
BlackRock MuniVest Fund II Trading Down 0.3%
Shares of NYSE:MVT traded down $0.03 during trading on Monday, reaching $10.35. 32,650 shares of the stock were exchanged, compared to its average volume of 56,619. BlackRock MuniVest Fund II, Inc. has a 12 month low of $9.71 and a 12 month high of $11.97. The stock has a 50-day moving average price of $10.36 and a 200-day moving average price of $10.68.
BlackRock MuniVest Fund II Dividend Announcement
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 given a $0.054 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $0.65 annualized dividend and a yield of 6.26%.
About BlackRock MuniVest Fund II
(
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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