Scarborough Advisors LLC purchased a new stake in BlackRock MuniVest Fund II, Inc. (NYSE:MVT - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 103,523 shares of the financial services provider's stock, valued at approximately $1,092,000. Scarborough Advisors LLC owned approximately 0.49% of BlackRock MuniVest Fund II as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also made changes to their positions in the company. Rockefeller Capital Management L.P. lifted its position in shares of BlackRock MuniVest Fund II by 3.1% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 39,207 shares of the financial services provider's stock valued at $447,000 after acquiring an additional 1,182 shares in the last quarter. Avior Wealth Management LLC lifted its position in shares of BlackRock MuniVest Fund II by 17.8% in the 3rd quarter. Avior Wealth Management LLC now owns 11,184 shares of the financial services provider's stock valued at $127,000 after acquiring an additional 1,689 shares in the last quarter. HighTower Advisors LLC lifted its position in shares of BlackRock MuniVest Fund II by 8.4% in the 3rd quarter. HighTower Advisors LLC now owns 27,450 shares of the financial services provider's stock valued at $307,000 after acquiring an additional 2,123 shares in the last quarter. Van ECK Associates Corp lifted its position in shares of BlackRock MuniVest Fund II by 4.7% in the 4th quarter. Van ECK Associates Corp now owns 175,118 shares of the financial services provider's stock valued at $1,847,000 after acquiring an additional 7,866 shares in the last quarter. Finally, Benjamin Edwards Inc. purchased a new stake in shares of BlackRock MuniVest Fund II in the 3rd quarter valued at approximately $153,000. Hedge funds and other institutional investors own 34.19% of the company's stock.
BlackRock MuniVest Fund II Stock Up 0.1 %
MVT stock traded up $0.02 during midday trading on Wednesday, reaching $10.88. The company had a trading volume of 14,483 shares, compared to its average volume of 46,881. BlackRock MuniVest Fund II, Inc. has a 1 year low of $10.33 and a 1 year high of $11.97. The company has a 50 day moving average of $10.70 and a two-hundred day moving average of $11.03.
BlackRock MuniVest Fund II Announces Dividend
The business also recently announced a monthly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Friday, February 14th will be given a $0.054 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.65 dividend on an annualized basis and a yield of 5.96%.
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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