Raymond James Financial Inc. acquired a new position in shares of BlackRock MuniVest Fund II, Inc. (NYSE:MVT - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 38,770 shares of the financial services provider's stock, valued at approximately $409,000. Raymond James Financial Inc. owned 0.18% of BlackRock MuniVest Fund II as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in the company. Noble Wealth Management PBC purchased a new stake in BlackRock MuniVest Fund II in the fourth quarter worth about $731,000. Ackerman Capital Advisors LLC boosted its stake in shares of BlackRock MuniVest Fund II by 19.0% during the fourth quarter. Ackerman Capital Advisors LLC now owns 155,771 shares of the financial services provider's stock valued at $1,643,000 after purchasing an additional 24,816 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of BlackRock MuniVest Fund II by 27.0% during the fourth quarter. Bank of New York Mellon Corp now owns 75,062 shares of the financial services provider's stock valued at $792,000 after purchasing an additional 15,955 shares in the last quarter. Wolverine Asset Management LLC increased its holdings in BlackRock MuniVest Fund II by 573.8% during the fourth quarter. Wolverine Asset Management LLC now owns 11,063 shares of the financial services provider's stock valued at $117,000 after buying an additional 9,421 shares during the period. Finally, Concurrent Investment Advisors LLC raised its stake in BlackRock MuniVest Fund II by 2.7% in the fourth quarter. Concurrent Investment Advisors LLC now owns 77,100 shares of the financial services provider's stock worth $813,000 after buying an additional 2,000 shares in the last quarter. 34.19% of the stock is currently owned by hedge funds and other institutional investors.
BlackRock MuniVest Fund II Trading Up 1.5 %
Shares of MVT traded up $0.15 during trading hours on Friday, hitting $9.97. The company had a trading volume of 61,991 shares, compared to its average volume of 54,023. BlackRock MuniVest Fund II, Inc. has a one year low of $9.80 and a one year high of $11.97. The company's fifty day moving average price is $10.65 and its two-hundred day moving average price is $10.84.
BlackRock MuniVest Fund II Announces Dividend
The firm also recently declared a monthly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Tuesday, April 15th will be given a dividend of $0.054 per share. This represents a $0.65 dividend on an annualized basis and a yield of 6.50%. The ex-dividend date of this dividend is Tuesday, April 15th.
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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