Horizon Kinetics Asset Management LLC acquired a new position in shares of BlackRock MuniVest Fund II, Inc. (NYSE:MVT - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 47,926 shares of the financial services provider's stock, valued at approximately $506,000. Horizon Kinetics Asset Management LLC owned 0.23% of BlackRock MuniVest Fund II as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wolverine Asset Management LLC raised its stake in shares of 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 valued at $117,000 after buying an additional 9,421 shares in the last quarter. Avior Wealth Management LLC raised its position in 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 in the last quarter. Benjamin Edwards Inc. bought a new position in BlackRock MuniVest Fund II during the third quarter worth about $153,000. Freestone Capital Holdings LLC boosted its holdings in BlackRock MuniVest Fund II by 13.0% during the fourth quarter. Freestone Capital Holdings LLC now owns 22,600 shares of the financial services provider's stock valued at $238,000 after purchasing an additional 2,600 shares in the last quarter. Finally, Hollencrest Capital Management acquired a new stake in BlackRock MuniVest Fund II during the fourth quarter valued at approximately $263,000. 34.19% of the stock is currently owned by institutional investors.
BlackRock MuniVest Fund II Trading Up 2.0 %
Shares of MVT traded up $0.21 during mid-day trading on Friday, reaching $10.82. The company had a trading volume of 92,069 shares, compared to its average volume of 42,986. BlackRock MuniVest Fund II, Inc. has a twelve month low of $10.33 and a twelve month high of $11.97. The company's 50-day moving average is $10.76 and its 200-day moving average is $10.97.
BlackRock MuniVest Fund II Announces Dividend
The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders 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 5.99%.
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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