Sit Investment Associates Inc. grew its holdings in BlackRock MuniVest Fund II, Inc. (NYSE:MVT - Free Report) by 23.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 312,513 shares of the financial services provider's stock after buying an additional 58,782 shares during the period. Sit Investment Associates Inc. owned 1.47% of BlackRock MuniVest Fund II worth $3,297,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Horizon Kinetics Asset Management LLC acquired a new stake in BlackRock MuniVest Fund II during the fourth quarter worth approximately $506,000. Hollencrest Capital Management acquired a new stake in BlackRock MuniVest Fund II during the 4th quarter worth approximately $263,000. Atala Financial Inc bought a new stake in BlackRock MuniVest Fund II in the 4th quarter valued at $737,000. Avior Wealth Management LLC grew its holdings in BlackRock MuniVest Fund II by 15.9% in the 4th quarter. Avior Wealth Management LLC now owns 12,959 shares of the financial services provider's stock valued at $137,000 after buying an additional 1,775 shares in the last quarter. Finally, HighTower Advisors LLC increased its position in BlackRock MuniVest Fund II by 8.4% during the 3rd quarter. HighTower Advisors LLC now owns 27,450 shares of the financial services provider's stock worth $307,000 after buying an additional 2,123 shares during the period. 34.19% of the stock is currently owned by institutional investors.
BlackRock MuniVest Fund II Trading Up 1.5 %
Shares of MVT stock traded up $0.15 on Friday, hitting $9.97. The company's stock had a trading volume of 61,991 shares, compared to its average volume of 53,869. BlackRock MuniVest Fund II, Inc. has a fifty-two week low of $9.80 and a fifty-two week high of $11.97. The stock's 50 day moving average is $10.65 and its 200-day moving average is $10.84.
BlackRock MuniVest Fund II Announces Dividend
The firm also recently announced 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. The ex-dividend date is Tuesday, April 15th. This represents a $0.65 dividend on an annualized basis and a dividend yield of 6.50%.
BlackRock MuniVest Fund II Profile
(
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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