Advisors Asset Management Inc. Acquires 135,318 Shares of BlackRock MuniVest Fund II, Inc. (NYSE:MVT)

Advisors Asset Management Inc. lifted its stake in BlackRock MuniVest Fund II, Inc. (NYSE:MVT - Free Report) by 85.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 294,524 shares of the financial services provider's stock after buying an additional 135,318 shares during the period. Advisors Asset Management Inc. owned approximately 1.39% of BlackRock MuniVest Fund II worth $3,107,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of MVT. Wolverine Asset Management LLC increased its stake in BlackRock MuniVest Fund II by 573.8% in the 4th quarter. Wolverine Asset Management LLC now owns 11,063 shares of the financial services provider's stock worth $117,000 after purchasing an additional 9,421 shares during the period. Avior Wealth Management LLC grew its holdings in shares of BlackRock MuniVest Fund II by 17.8% in the third quarter. Avior Wealth Management LLC now owns 11,184 shares of the financial services provider's stock worth $127,000 after purchasing an additional 1,689 shares during the last quarter. Benjamin Edwards Inc. purchased a new position in shares of BlackRock MuniVest Fund II in the third quarter worth $153,000. Freestone Capital Holdings LLC raised its holdings in BlackRock MuniVest Fund II by 13.0% during the 4th quarter. Freestone Capital Holdings LLC now owns 22,600 shares of the financial services provider's stock valued at $238,000 after buying an additional 2,600 shares during the last quarter. Finally, Hollencrest Capital Management purchased a new stake in BlackRock MuniVest Fund II during the 4th quarter valued at $263,000. Hedge funds and other institutional investors own 34.19% of the company's stock.

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BlackRock MuniVest Fund II Price Performance

BlackRock MuniVest Fund II stock traded down $0.12 during trading hours on Wednesday, reaching $10.52. The stock had a trading volume of 51,554 shares, compared to its average volume of 53,198. The company has a fifty day simple moving average of $10.78 and a 200-day simple moving average of $10.95. BlackRock MuniVest Fund II, Inc. has a 52 week low of $10.33 and a 52 week high of $11.97.

BlackRock MuniVest Fund II Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be issued a $0.054 dividend. This represents a $0.65 annualized dividend and a yield of 6.16%. The ex-dividend date of this dividend is Friday, March 14th.

BlackRock MuniVest Fund II Company Profile

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.