Raymond James Financial Inc. purchased a new stake in BlackRock MuniVest Fund II, Inc. (NYSE:MVT - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 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 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also recently bought and sold shares of MVT. Invesco Ltd. raised its holdings in shares of BlackRock MuniVest Fund II by 12.9% in the fourth quarter. Invesco Ltd. now owns 192,106 shares of the financial services provider's stock valued at $2,027,000 after purchasing an additional 21,978 shares during the last quarter. Sit Investment Associates Inc. raised its holdings in shares of BlackRock MuniVest Fund II by 23.2% in the fourth quarter. Sit Investment Associates Inc. now owns 312,513 shares of the financial services provider's stock valued at $3,297,000 after purchasing an additional 58,782 shares during the last quarter. Landscape Capital Management L.L.C. acquired a new stake in shares of BlackRock MuniVest Fund II in the fourth quarter valued at approximately $119,000. Advisors Asset Management Inc. raised its holdings in shares of BlackRock MuniVest Fund II by 85.0% in the fourth quarter. Advisors Asset Management Inc. now owns 294,524 shares of the financial services provider's stock valued at $3,107,000 after purchasing an additional 135,318 shares during the last quarter. Finally, Horizon Kinetics Asset Management LLC acquired a new stake in shares of BlackRock MuniVest Fund II in the fourth quarter valued at approximately $506,000. Institutional investors own 34.19% of the company's stock.
BlackRock MuniVest Fund II Price Performance
Shares of NYSE MVT traded up $0.07 during midday trading on Thursday, reaching $10.29. The company's stock had a trading volume of 13,118 shares, compared to its average volume of 56,503. BlackRock MuniVest Fund II, Inc. has a fifty-two week low of $9.71 and a fifty-two week high of $11.97. The stock has a 50 day simple moving average of $10.34 and a 200-day simple moving average of $10.67.
BlackRock MuniVest Fund II Announces Dividend
The company also recently announced a monthly dividend, which will be paid on Monday, June 2nd. Investors of record on Thursday, May 15th will be issued a dividend of $0.054 per share. 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 6.30%.
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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