Atala Financial Inc Buys Shares of 69,900 BlackRock MuniVest Fund II, Inc. (NYSE:MVT)

Atala Financial Inc purchased a new position in shares of 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 & Exchange Commission. The firm purchased 69,900 shares of the financial services provider's stock, valued at approximately $737,000. Atala Financial Inc owned 0.33% of BlackRock MuniVest Fund II as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Rivernorth Capital Management LLC increased its position in shares of BlackRock MuniVest Fund II by 1.7% during the third quarter. Rivernorth Capital Management LLC now owns 2,213,642 shares of the financial services provider's stock worth $25,213,000 after acquiring an additional 37,419 shares during the last quarter. Pathstone Holdings LLC boosted its stake in BlackRock MuniVest Fund II by 20.8% during the 3rd quarter. Pathstone Holdings LLC now owns 520,807 shares of the financial services provider's stock valued at $5,932,000 after acquiring an additional 89,537 shares during the last quarter. Van ECK Associates Corp grew its stake in BlackRock MuniVest Fund II by 4.7% in the fourth quarter. Van ECK Associates Corp now owns 175,118 shares of the financial services provider's stock worth $1,847,000 after purchasing an additional 7,866 shares in the last quarter. Advisors Asset Management Inc. increased its holdings in shares of BlackRock MuniVest Fund II by 65.3% in the 3rd quarter. Advisors Asset Management Inc. now owns 159,206 shares of the financial services provider's stock valued at $1,813,000 after acquiring an additional 62,895 shares during the last quarter. Finally, Ackerman Capital Advisors LLC lifted its stake in 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 worth $1,643,000 after purchasing an additional 24,816 shares during the last quarter. Institutional investors and hedge funds own 34.19% of the company's stock.

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BlackRock MuniVest Fund II Stock Performance

BlackRock MuniVest Fund II stock traded down $0.01 during mid-day trading on Tuesday, reaching $10.52. The company's stock had a trading volume of 48,852 shares, compared to its average volume of 52,417. BlackRock MuniVest Fund II, Inc. has a twelve month low of $10.33 and a twelve month high of $11.97. The business has a 50 day moving average price of $10.77 and a 200-day moving average price of $10.98.

BlackRock MuniVest Fund II Announces Dividend

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

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.